Is Cronos (CRO) Lower Or Higher On Thursday?

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Thursday, November 24, 2022 11:02 am | InvestorsObserver Analysts

InvestorsObserver gives Cronos an average long-term technical score of 48 from its research. The proprietary rating system takes into account the historical trading patterns of the last few months to a year of the token’s support and resistance levels, in addition to where it stands in relation to long-term averages. The analysis helps determine if this is a strong buy-and-hold investment opportunity for traders right now. CRO has superior long-term technical analysis value than 48% of cryptos in circulation at this point. Long-Term Rank is most relevant for buy-and-hold investors looking for strong, steady growth in allocating their wealth. The combination of a high long-term and short-term technical score will also help portfolio managers spot tokens that have bottomed out.

Long term technical - 48
InvestorsObserver gives Cronos a long-term technical rank of 48. Find out what that means for you and get the rest of the rankings on Cronos!

Trade Analysis

Cronos price is -$0.0400000 (-39.95%) below its 100-day moving average price of $0.1100000000 as the price is currently at $0.0700000000. Additionally, CRO is up $0.0100000 (-19426.83%) from its 52-week low of $0.0600000000, while -$0.90000000 (-1024.41%) below its 52-week high of $0.97 billion lies. The current trading price relative to its long-term average along with its 52-week high and low gives CRO an average long-term technical score of 48. Cronos’ long-term trading action suggests investors are bearish on the token at the moment . Cronos has a market cap of $1,647,315,274.02 and a relatively high average daily volume with $160,587,557.75 worth of the currency traded over a typical 24-hour period. Over the past 24 hours, CRO’s volume has traded below its seven-day moving average at 19,583,402.37. The subclass of this token Payment Token: A token used as a means of payment for goods and services inside or outside the crypto ecosystem. Commonly used as payment for services in a specific blockchain environment.

summary

Cronos technical analysis over the past year found that the crypto received an average long-term technical score of 48 as its price action during that time has given traders reason to be bearish on the token over the long term. For the full Cronos (CRO) report, click here.

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