Is Cronos (CRO) Moving Towards a Bullish Trend?

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Is Cronos (CRO) Moving Towards a Bullish Trend?0

  • Cronos price increased approximately 18% within a span of two days.
  • CRO shows a bullish indication.

Cronos (CRO), the native digital asset of the prominent , Crypto.com, continued its upward trajectory. The CRO price rose over 13% from the previous day’s low of $0.06993 to $0.08065. At the moment of writing, Cronos was trading at $0.07921, reflecting an increase of more than 9% in the last 24 hours.

The prominent altcoin experienced a price surge following the announcement of a collaboration with the e-commerce giant, Amazon Web Services, on April 26. In the wake of this announcement, Cronos price surged approximately 18.7% in just two days, moving from $0.6552 to $0.08065. Additionally, CRO saw an increase of around 15% over the week and 40% year-to-date. Moreover, Cronos’ weekly RSI suggests a “bullish trend,” according to Tradingview data.

Is Cronos (CRO) Moving Towards a Bullish Trend?1Cronos (CRO) Price Chart (Source: CoinMarketCap)

At present, the leading cryptocurrency boasts a market capitalization of $1.9 billion and a 24-hour trading volume of $89 million. Furthermore, the CRO price has risen by more than 3% compared to major cryptocurrencies, Bitcoin () and Ethereum ().