This technical analysis of CRO why there’s a price pullback and what more to expect. Crypto.com is a blockchain-based ecosystem that caters to three verticals – payments, financial services, and trading. This network focuses on offering payment solutions to attract and retain users. On the other hand, their major sources of revenue are their trading and financial services solutions. CRO is the customized token of this network for which the technical analysis movement is detailed. Past Performance On March 24, 2021, CRO opened at $0.2145. As of March 30, 2021, CRO closed at $0.2143. Thus, the price movement has been neutral with hardly any change over the past week. In the last 24 hours, CRO has been trading between $0.198-$0.219. https://ift.tt/2QSa6an Day-Ahead and Tomorrow Currently, CRO is trading at $0.215. Thus, the price has increased from the opening price of $0.214. Thus, the market looks positive. The A/D indicator is tapering down. Hence, whale distributions are higher than whale accumulations. High sell-offs will exert downward pressure on the CRO price. Hence, the CRO price is slated to go down. The MACD and signal lines are positive. But, they are slowly inching towards the zero line and may turn negative soon. Moreover, a bearish crossover by the MACD line over the signal line has occurred. Thus, the market momentum is turning bearish. Hence, we can expect a price pullback. Currently, the RSI is at 49% and is falling further. It faced a bearish swing rejection at 65%. Thus, selling pressures are high and we can expect a price dip. CRO Technical Analysis As per technical analysis, CRO is currently trading above the Fibonacci pivot point of $0.21. However, as the oscillators have indicated a price pullback, we can expect the price to fall below the first support level of $0.202, in some time. The price is soon expected to test and fall below the 23.6% FIB retracement level of $0.214. By the end of the day, if the price does not break out of this level after brief price pullbacks, then probably a downtrend has set in. In that case, we can expect the bearish trend to continue tomorrow as well.
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