Cronos price analysis is showing signs of a decline since the price has been moving in a downward direction over the past 24 hours. Although the cryptocurrency was under bullish influence earlier this week, bears have taken control and dragged CRO/USD levels down to $0.0559 at the time of writing. Both the current resistance level of $0.0578 and the current support level of $0.05562 for the altcoin may serve as pivot points for future price moves. However, the bears have been quite successful as a result of the significant decrease that has had a negative impact on the entire value of cryptocurrencies over the past few hours.
The daily chart price analysis reveals that the CRO is confirming a decline in coin value, as the price has been following a bearish trend for the day. The circumstances are turning favorable for the sellers, as the past few weeks have seen a constant improvement in the CRO market price. Nonetheless, a downturn in price occurred today, which is why the price has been lowered to the $0.0559 mark, a decrease of 3.30 percent in the last 24 hours.
The post Cronos Price Stumbles At $0.0559 As bearish Signal continues appeared first on Coin Edition.
See original on CoinEdition
Source: Cryptocurrency - investing.com
