Will Crypto.com's CRO price retest $0.04?

Crypto.com price could print a new all-time low if market conditions persist.

Crypto.com price looks lethal

Crypto.com price has analysts second-guessing a macro count. The steep declining nature of the bearish trend since All-time highs at $0.91  has already forged a 90% loss. However, within the downturn since the April 3 sell-off at $0.51, there has not been a bullish retracement of at least 50% of each impulsive decline. In layman's terms, CRO price has fallen "penny-from-Eiffel" style and shows no signs of an imminent bounce.

Crypto.com price currently trades at $0.11 as the Ethereum-based exchange token auctions below a descending trend channel established in November of 2021. The sideways congestion around this significant barrier provokes thoughts of further calamity. A breach below $0.10 could catalyze a decline into all-time lows at $.04. The Volume Profile Indicator thoroughly confounds the bearish demise as an influx of volume came in around the all-time highs without any bullish rally to show for it. Subsequently, there has been no bullish influx of volume since the bears came pouring in last year.

CRO/USDT 4-Day Chart

Invalidation of the bearish downtrend is a breach above $0.20. If the bulls can rally above said barrier, they may be able to rally as high as $0.33, resulting in a 177% increase from the current Crypto.com price.