• Cronos (CRO), has increased slightly to $0.1874 in the past 24 hours
• Bulls tried to test a resistance level within the past 24 hours but were unsuccessful.
• The bulls have the momentum to continue testing $0.19 resistance for a third week.

Crypto.com’s cryptocurrency token, Cronos (CRO), has risen slightly in the last 24 hours to $0.1874, according to CoinMarketCap.

CRO’s price is still down in the last 7 days by double digits, dropping by around 24.12%. This 24 hour CRO price change may not be as drastic as the trend over the past week.

CRO’s price has also strengthened against (BTC) and (ETH) by around 1.74% and 1.96% respectively at the time of writing. At the moment, CRO’s value is approximately 0.00000636 BTC or 0.00009341 Ethereum.

Ranked number 19 on CoinMarketCap’s list of the largest cryptocurrency projects by market cap, CRO’s market cap currently stands at $4,733,297,163. Daily trading volume at CRO has fallen by almost double figures with a 48.52% decline and the 24-hour trading volume at $49 647 710

“/>8 EMA touches 20 EMA on 4 hour chart (Source: TradingView)

A 4 hour CRO/USDT chart shows that bulls attempted to make a move over the last 12-16hrs as they sought resistance at $0.19. But, they failed to succeed and the market was retracted.

But bulls might have gained enough momentum that they are able to re-test this level quickly as the RSI SMA shows an upward slope. There is always the possibility of a retest provided bulls attempt it before the RSI SMA crosses below, which would be a bearish sign.

In the past few days, bulls have tested this resistance level twice. If the resistance level is broken, it will be tested again. The price of CRO will likely rise slightly if the 3rd resistance test passes. The 8 EMA will cross above the 20 EMA to confirm this.

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