Cronos (CRO) Soars +20% – Can the Rally Push to $0.10?Over the past 24 hours , the Cronos project with the CRO ( COINBASE:CROUSD ) token has seen a price increase of nearly +20% .
Let's see if we can still profit from the movement of the CRO token .
What is Cronos (CRO)?
Cronos is an EVM-compatible blockchain built on the Cosmos SDK. It supports DeFi, NFTs, faster payments, and even AI‑capable dApps. Its native token, CRO, powers fees, staking, and ecosystem activities.
Why CRO Jumped +20% Today (July 8)
Technical leap: Sub-second block times and faster throughput
Better UX: Real-world ready for fast DeFi, payments, and AI dApps
Increased adoption: Greater utility across CAPITALCOM:CROUSD ecosystem
Trader momentum: Volume surges and speculative interest
Strategic roadmap alignment: Upgrades following gas fee improvements ---------------------------------------------------------------------
Now let's examine the CRO token chart on the 4-hour time frame from a technical analysis perspective.
CRO token is currently trying to break the Resistance zone($0.0960-$0.0925) .
Also, in terms of Elliott wave theory , this CRO token price increase with high momentum should be in the form of wave 3 and we can expect a correction to the Potential Reversal Zone(PRZ) for CRO .
I expect CRO to re-attack the Resistance zone($0.0960-$0.0925) after entering the PRZ and rise to at least near $0.1(Round Number) .
Note: Stop Loss (SL) = $0.847= Worst Stop Loss(SL)
Note: If the CRO token breaks the Resistance zone($0.0960-$0.0925) without correction, we can expect a break of the Resistance lines.
Note: It is better to enter a trade if you find the right trigger for a Long position, as a Short position is more risky.
Please respect each other's ideas and express them politely if you agree or disagree.
Cronos Analyze (CROUSD), 4-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
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