• Crypto.com Coin price shows resilience after upbeat inflationary numbers from US PPI.
  • CRO is set to jump higher and recover a large portion of the incurred losses from Thursday. 
  • Expect the rally to continue over the weekend, with $0.09 as the profit target by Sunday.

Cronos (CRO) price has seen its efforts from earlier this week being fully erased as CRO bulls had to step out of the way of the US PPI numbers rolling through the markets. It could have been the opening scene from the famous Indiana Jones movie with bulls just in time to step aside and not be steamrolled by the big bearish stone ball coming right for them. With CRO bulls keeping their heads cool, price action is picking up and shows signs of a quick and swift recovery. An 18% rally is on the docket toward Sunday.

Everybody loves an 18% profit on a Sunday afternoon

Cronos price has bulls dusting off the US PPI numbers quite rapidly. One person is even backing the CRO bulls in their belief, that individual being US Fed Chairman Jerome Powell. At the beginning of this month, during the Fed meeting and rate hike decision, Powell warned that there could be hiccups along the way and data points contradicting the situation despite the disinflationary process being firmly underway.

CRO could slowly tick higher this Friday as bulls will be aware of the risk of a dead cat bounce. Price action should still hold nicely and could see some rapid movements should the US session turn positive for US equities with cryptocurrencies being pulled higher for the ride. The Friday Profit target is $0.09 with $0.10 arriving by Sunday.

CRO/USD daily chart

CRO/USD daily chart

The downside risk comes from the fact that the low of Friday is near an area of bulky support. At a pivotal level, the monthly pivot and the 55-day Simple Moving Average are all very close in the $0.075 area. Expect a big drop toward $0.06 should those triple layers break to the downside under bearish pressure.


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Recommended content


Recommended Content

Editors’ Picks

Cardano eyes recovery as it retests key support, funding rate and bullish bets signal optimism

Cardano eyes recovery as it retests key support, funding rate and bullish bets signal optimism

Cardano recovers slightly by 4%, trading around $0.70 on Tuesday after falling nearly 7% the previous day. On-chain metrics signal further recovery as ADA’s funding rate turns positive while its bullish bets reach the highest level over a month.

More Cardano News
Bettors mount pressure on XRP amid signs of a price bottom in on-chain indicators

Bettors mount pressure on XRP amid signs of a price bottom in on-chain indicators

Ripple's XRP declined 10% on Monday, trading around $1.96 at press time after odds of its price plunging below $2.00 skyrocketed to 81% on prediction platform Polymarket. Despite the high risk-off sentiment, XRP's 30-day Market Value to Realized Value (MVRV) Ratio indicates prices may have found a bottom.

More Ripple News
The crypto market cap dips to $2.44 trillion while Mt. Gox moves 11,833 BTC worth $932 million

The crypto market cap dips to $2.44 trillion while Mt. Gox moves 11,833 BTC worth $932 million

The crypto market continued its ongoing downleg as the week started, as its market cap capitalization reached a low of $2.44 trillion on Tuesday, levels not seen since early November. This price crash has triggered a wave of liquidations of over $937 million in the last 24 hours.

More Cryptocurrencies News
Bitcoin hits multi-month lows as crypto, stocks witness heightened risk-off sentiment

Bitcoin hits multi-month lows as crypto, stocks witness heightened risk-off sentiment

Bitcoin fell to $78,000 on Monday, marking a 27% decline from its all-time high, as crypto and stocks stretched their combined market cap losses to $6 trillion. The selling pressure is largely due to a growing correlation between the asset classes and a shift in investor sentiment toward a risk-off strategy.

More Bitcoin News
Bitcoin: Will Trump's Strategic Bitcoin Reserve and White House Crypto Summit support BTC recovery?

Bitcoin: Will Trump's Strategic Bitcoin Reserve and White House Crypto Summit support BTC recovery?

Bitcoin price extends its decline on Friday, falling over 5% so far this week. BTC uncertainty and volatility spikes liquidated $1.67 billion as the first-ever White House Crypto Summit takes place on Friday.

Read full analysis
The Best brokers to trade EUR/USD

The Best brokers to trade EUR/USD

SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.

Read More

BTC

ETH

XRP