• Crypto.com price is struggling to move past the $0.122 barrier and establish a directional bias.
  • Investors can expect a 13% drop if CRO breaks below the 34-four-hour EMA at $0.120.
  • A four-hour candlestick close above the 200 four-hour EMA at $0.134 will invalidate the bearish thesis. 

Crypto.com price has been trading inside a range that was formed around mid-June 2022. The recent attempt to retest the range high was unsuccessful and could lead to a steep correction, especially if the Bitcoin price also corrects.

Crypto.com price ready for its next move

Crypto.com price rallied 35% between June 18 and June 26, setting up a range, extending from $0.098 to $0.133. After the initial recovery rally, CRO retraced 18% and slipped below the midpoint at $0.115 briefly.

However, bulls made a comeback and recovered Crypto.com price above it and attempted a run-up. The confluence of the intermediate resistance level at $0.122, 8 four-hour Exponential Moving Average (EMA) and the 34 four-hour EMA at roughly $0.121 prevented the altcoin from moving higher.

As a result, investors can expect this rejection to knock Crypto.com price down by 13% into the daily demand zone, ranging from $0.098 to $0.106. While the downtrend might seem bearish, a bounce off the demand zone is where bullish moves are likely to kick start.

CRO/USDT 4-hour chart

CRO/USDT 4-hour chart

On the other hand, if Crypto.com price produces a four-hour candlestick close above the 200 four-hour EMA at $0.134, it will indicate that the bullish momentum is back. This development will essentially flip major hurdles into a support level.

Such a development will invalidate the bearish thesis for CRO, but it will not end the problems for bulls. A successful flip of the $0.140 will indicate that Crypto.com price is ready for more gains.

 


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

XRP funding rates flashes negative, eyes $2.17 following 4% decline

XRP funding rates flashes negative, eyes $2.17 following 4% decline

Ripple's XRP declined 4% on Friday following a decline in its funding rates. The remittance-based token could decline to test the $2.17 support level if the crypto market decline extends.

More Ripple News
Altcoins Tron and Toncoin Price Prediction: TRX and TON show signs of weakness

Altcoins Tron and Toncoin Price Prediction: TRX and TON show signs of weakness

Tron and Toncoin prices extend the decline on Thursday after falling more than 6% this week. TRX and TON face rejection from key levels, suggesting double-digit cash ahead. Traders should be cautious as both altcoins show signs of weakness in momentum indicators.

More Cryptocurrencies News
BNB Price Forecast: Poised for a decline on negative Funding Rate

BNB Price Forecast: Poised for a decline on negative Funding Rate

BNB price hovers around $696.40 on Thursday after declining 4.58% in the previous two days. BNB’s momentum indicators hint for a further decline as its Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) show bearish signals.

More Cryptocurrencies News
Ripple's XRP eyes recovery following executives' dinner with Donald Trump

Ripple's XRP eyes recovery following executives' dinner with Donald Trump

Ripple's XRP is up 2% on Wednesday following positive sentiments surrounding its CEO Brad Garlinghouse's recent dinner with incoming US President Donald Trump. If the recent recovery sentiment prevails, XRP could stage a breakout above the upper boundary line of a bullish pennant pattern.

More Ripple News
Bitcoin: 2025 outlook brightens on expectations of US pro-crypto policy

Bitcoin: 2025 outlook brightens on expectations of US pro-crypto policy

Bitcoin price has surged more than 140% in 2024, reaching the $100K milestone in early December. The rally was driven by the launch of Bitcoin Spot ETFs in January and the reduced supply following the fourth halving event in April.

Read full analysis
Best Forex Brokers with Low Spreads

Best Forex Brokers with Low Spreads

VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.

Read More

BTC

ETH

XRP