Looking at the 1 Day chart, CRO spiked to the $0.97 price mark following a historical token burn.
What followed after the token burn was a price decline of -66.06% on the price, back to the demand area, where bullish investors benefited from a much lower entry at $0.32.
Since its decline, selling pressure has remained, the price of CRO has been trading within a wedge pattern in a tight $0.22 range making higher lows.
On price recovery, prices could reach $0.64, retrace to $0.48 and finally move beyond $0.89 to $1 after a break out of the wedge.
Price targets {
#1 - $1
#2 - $0.89
#3 - $0.64
}
What followed after the token burn was a price decline of -66.06% on the price, back to the demand area, where bullish investors benefited from a much lower entry at $0.32.
Since its decline, selling pressure has remained, the price of CRO has been trading within a wedge pattern in a tight $0.22 range making higher lows.
On price recovery, prices could reach $0.64, retrace to $0.48 and finally move beyond $0.89 to $1 after a break out of the wedge.
Price targets {
#1 - $1
#2 - $0.89
#3 - $0.64
}