When the price chart of the last two days is examined, Crypto.com (CRO) The price seems pretty close to the bull run. The bulls just need to push the CRO a little higher before the non-involved investors can come in.
Crypto.com (CRO) price still remains highly bullish as the current two daily candles are trading just 5% below the top of the downtrend channel. If the bulls can clear the $0.43 level, CRO price A break towards $0.47 and $0.55 could be seen, possibly up to 40% of the current price. However, traders may consider placing a buy-stop order to catch a potential breakout.
The best case scenario in the CRO price for an earlier entry will create a change in the volume profile. As of now, sales from all-time highs are looking quite bullish as they have narrowed the volume too much. The first green candle with a reversal volume on the trendline will be quite important for entry.
In the other scenario, the bears are still Crypto.com price has the potential to send it to lower levels. If the bears manage to keep the price under pressure this week, there are chances of a “sweep lows” event at the $0.345 and $0.32 levels, up 17% below the current price.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.