Hello, dear members of LeoFinance!
According to a recent tweet published by Bloqport:
“Visa said it has partnered with digital asset bank Anchorage and completed the first transaction this month — with Crypto(.)com sending USDC to Visa's Ethereum address at Anchorage.”
Because of this solid fundamental news, today, I decided to have a look at CRO, the native coin of Crypto.com.
In most of the major time frames of CRO/USD, I was not able to spot any reliable technical pattern. However, in the 4-hour chart (4H), I think that the previous local high will serve as support for the price of CRO:
So, the previous local high has formed a range between 0,14$ and 0,18$. The 30-day Moving Average is also within this range at the moment. Definitely this is solid support for the price of the cryptocurrency.
Nevertheless, the key question is: if CRO/USD will stay above the support range and start a sustainable price increase or if it will dip into the support range not being able to sustain the recent price pump. I will continue to keep an eye on the price chart of the cryptocurrency.
To be continued ...
As of the time of writing, one CRO costs $0.2145 on the HITBTC crypto exchange, according to TradingView.
A few words about me:
Just to let you know: I've been working professionally as a currency analyst for the last almost 15 years and as a cryptocurrency analyst for the last almost 4 years.
Important!
Keep in mind, that thoughts expressed here are my own, and they should not be regarded as recommendations for any cryptocurrency/commodity trades, investments and etc.
Learn How To Earn PRE Tokens By Using Presearch Decentralized Search Engine
Join the crypto exchange Binance: https://www.binance.com/en/register?ref=28017531
Join the crypto exchange Bittrex: https://bittrex.com/Account/Register?referralCode=3GB-QAJ-BMW