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Cronos Forms Bullish Wedge While Bearish Death Cross Looms: BullZilla Stands Out as a Presale Challenger

Cronos Forms Bullish Wedge While Bearish Death Cross Looms: BullZilla Stands Out as a Presale Challenger

Bitget-RWA2025/11/20 19:48
By:Bitget-RWA

- Cronos (CRO) faces bullish wedge breakout potential toward $0.1211 by 2025, supported by 2.73% TVL growth and rising long-position activity. - Technical indicators show mixed signals: RSI/MACD hint bullish momentum, but a "Death Cross" pattern warns of lingering bearish pressure. - BullZilla emerges as a high-risk presale contender, emphasizing scalability despite sparse details and early-stage uncertainties. - Market optimism is tempered by regulatory risks and macroeconomic headwinds, with CRO's succes

The Cronos (CRO) token has recently come back into the spotlight, with both analysts and blockchain data pointing to a possible price climb to $0.1211 by 2025.

Latest chart analysis shows that CRO is nearing a pivotal point within a descending wedge pattern,

. The token experienced a 3% drop in recent trading, following a 10% surge the day before, as market participants wait for a clear direction. that CRO futures open interest has increased by 2.39% in the last 24 hours, suggesting more traders are opening long positions. this perspective, as the Total Value Locked (TVL) on the Cronos network has grown by 2.73% to reach $407.31 million, signaling rising user trust.

Cronos Forms Bullish Wedge While Bearish Death Cross Looms: BullZilla Stands Out as a Presale Challenger image 0
The technical picture remains uncertain, though. The Relative Strength Index (RSI) has rebounded from oversold territory, and the Moving Average Convergence Divergence (MACD) points to possible bullish momentum. However, —where the 50-day EMA falls below the 200-day EMA—continues to indicate bearish sentiment. Should the price drop beneath the $0.09437 support line, it could fall further to $0.06721, which would challenge the wedge pattern's reliability.

Despite these mixed signals,

. The CRO/USDT trading pair has attracted more retail investors, as shown by the OI-weighted funding rate climbing to 0.0045%, reflecting traders’ willingness to pay for holding long positions. This mirrors broader movements in the crypto sector, where speculative trading is often influenced by macroeconomic trends and institutional involvement.

The forecast for CRO to reach $0.1211 by 2025

break out from its wedge formation and maintain strength above crucial resistance points. Achieving this could help Cronos benefit from wider adoption in decentralized finance (DeFi) and blockchain technology. Nevertheless, the token remains vulnerable to broader market swings, especially given ongoing regulatory challenges and economic uncertainties.

As the cryptocurrency sector enters a crucial period, investors are watching both technical signals and project fundamentals closely. For CRO, the near future will reveal if bullish attitudes can outweigh persistent bearish trends.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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