Is this price's last line of defense? | Crypto

Is this price’s last line of defense? price downtrend remains intact within a descending parallel channel.
-Support at $0.1000 must hold to prevent CRO price from plunging to $0.0900.
-Improving on-chain metrics could initiate price bullish trend reversal. price seems adamant about continuing to flirt with a lengthy two-month sell-off.
-Since August, CRO has lost approximately 34% of its value to exchange hands at $0.1033.
-If its previous support around $0.1000 remains intact, price might shake off the selling pressure in favor of a bullish trend reversal.
-The number of Daily Active Addresses on the CRO blockchain is up-trending, according to insight from Santiment.
-A negative MVRV ratio shows that investors consider CRO undervalued and are likely to buy ahead of an expected bullish move.
-From a technical perspective, price is almost exhausting its downtrend.
-Coming to the bulls rescue is the falling channels throughline in conjunction with the buyer concentration area at $0.1000.
-Traders should wait for the confirmation of the potential long positions to avoid incurring more losses due to the generally bearish cryptocurrency market.

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