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Crypto.com Price Prediction — Will CRO Hit $1 Soon?

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Crypto.com Price Prediction — Will CRO Hit $1 Soon?
  • Bullish CRO price prediction is $0.78 to $0.98.
  • CRO price will also reach $1 soon.
  • CRO bearish market price prediction for 2021 is $0.47.

In Crypto.com (CRO) price prediction 2021, we use statistics, price patterns, RSI, RVOL, and much other information about CRO to analyze the future movement of the cryptocurrency. 

CRO Current Market Status

According to coingecko, the price of CRO is $0.70 with a 24-hour trading volume of $747,282,650 at the time of writing. However, CRO has decreased to 9.8% in the last 24 hours.

Moreover, CRO has a circulating supply of 25,263,013,692 CRO. Currently, CRO trades in cryptocurrency exchanges such as OKEx, CoinTiger, Huobi Global, FTX, and Upbit. 

Crypto.com is the native token of the Crypto.com Chain. The Crypto.com Chain is a high performance native blockchain solution that makes transactions between crypto users and merchants seamless, cost-effective and secure. Businesses can use Crypto.com Pay Checkout and / or invoice for customers to complete check-outs for goods and services through cryptocurrencies using the Crypto.com Wallet app.

Moreover, Businesses receive all their payments immediately at the CRO or Fixed Currency or Fiat. CRO is now available on DeFi Swap. Users can switch CROs, from CRO Liquidity providers, to charge and increase yields up to 20 times while CRO stacking.

Crypto.com holds the 14th position on CoinGecko right now. CRO price prediction 2021 explained below with a one hour time frame.

CRO/USDT Double Bottom Pattern (Source: Tradingview)

The Double Bottom Pattern describes the change in trend and the change in speed from the previous leading price action. It also describes the fall of a token, a rebound, another decline to the same or similar level of the original fall, and finally another rebound. This pattern  looks like the letter “W”. The twice-touched bottom layer is considered a support level.

Currently, CRO is at $0.75. If the pattern continues, the price of CRO might reach the resistance level to $0.9872. If the trend reverses, then the price of CRO may fall to $0.47.

The below chart shows the support and resistance level of CRO.

1638211173 316 Cryptocom Price Prediction — Will CRO Hit 1 Soon
CRO/USDT Support and Resistance Level (Source: TradingView)

From the above one-hour time frame, it is clear the following are the resistance and support levels of CRO.

Resistance Level 1 $0.7886
Resistance Level 2 $0.8942
Resistance Level 3 $0.9892
Support Level 1 $0.6513
Support Level 2 $0.5834
Support Level 3 $0.4748

The charts show that CRO has performed a bullish trend over the past month. If this trend continues, CRO might run along with the bulls overtaking its resistance level at $0.9892.

Accordingly, if the investors turn against the crypto, the price of the CRO might plummet to almost $0.4748, a bearish signal.

The Relative Volume (RVOL) of CRO is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, RVOL of CRO lies below the cutoff line, indicating weaker participants in the current trend.

1638211174 505 Cryptocom Price Prediction — Will CRO Hit 1 Soon
CRO/USDT RVOL, MA, RSI (Source: TradingView)

More so, the CRO’s Moving Average (MA) is shown in the chart above. Currently, CRO is in a bearish state. Notably, the CRO price lies below 50 MA (short-term), so it is completely in a downward trend. Therefore, there is a possibility of a reversal trend of CRO at any time.

Meanwhile, the relative strength index (RSI) of the CRO is at level 51.23. This means that CRO is in a neither overbought nor oversold state. However, this means a major price reversal of CRO may occur in the upcoming days.

Let us now look at Crypto.com’s Average Directional Index (ADX). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. ADX is a component of the Directional Movement System. This system attempts to measure the strength of price movement in the upward and downward directions using DMI indicators with ADX.

The above chart represents the ADX of Crypto.com. Currently, CRO lies in the range at 24.98, so it indicates a weak trend. 

From the above chart, the Relative Volatility Index (RVI) of CRO. RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of CRO is above the 50 level, indicating that the direction of volatility is high. In fact, CRO’s RSI is at the 51.23 level thus confirming a potential buy signal.

Comparison of CRO with BTC, ETH

The below chart shows the price comparison between Bitcoin, Ethereum and Crypto.com.

1638211175 465 Cryptocom Price Prediction — Will CRO Hit 1 Soon
BTC Vs ETH Vs CRO Price Comparison (Source: TradingView)

From the above chart, we can identify the trend of the ETH, BTC and CRO is moving at the same level as the trend. This indicates that when the price of BTC increases or decreases, the price of ETH and CRO also increases or decreases respectively.

Conclusion

With continuous improvements in the Crypto.com network, we can say that 2021 is a good year for CRO. For this reason, the bullish price prediction of Crypto.com in 2021 is $0.98. On the other hand,  the bearish CRO price prediction for 2021 is $0.47.

Furthermore, with the advancements and upgrades on the CRO ecosystem, the performance of CRO would rise reaching $0.89 very soon. But, it might also reach $1 if the investors believe that CRO is a good investment in 2021.

FAQ

What is Crypto.com?

The Crypto.com chain was created to build a network of crypto projects and enhance the ability of merchants to adopt crypto as a form of payment.

Where can you purchase CRO?

CRO has listed on many crypto exchanges which include OKEx, CoinTiger, Huobi Global, FTX, and Upbit. 

Will CRO reach a new ATH soon?

With the ongoing developments and upgrades within the CRO platform, it has a high possibility of reaching its ATH soon.

What is the current all-time high (ATH) of Crypto.com?

On Nov 24, 2021, CRO reached its new all-time high (ATH) of $0.9654.

Is CRO a good investment in 2021?

Crypto.com seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of CRO in the past few months, CRO is considered a good investment in 2021.

Can Crypto.com (CRO) reach $1?

Crypto.com (CRO) is one of the active crypto that continues to maintain its Bullish state. Eventually, if this bullish trend continues then Crypto.com (CRO) will hit $1 soon.

What will be the CRO price by 2022?

Crypto.com (CRO) price is expected to reach $1.2 by 2022.

What will be the CRO price by 2023?

Crypto.com (CRO) price is expected to reach $1.9 by 2023.

What will be the CRO price by 2024?

Crypto.com (CRO) price is expected to reach $2.6 by 2024.

What will be the CRO price by 2025?

Crypto.com (CRO) price is expected to reach $5 by 2025.

Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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