- Bullish CRO price prediction ranges from $0.34 to $0.78.
- CRO might show a good market performance this 2021, reaching a new ATH.
- CRO is a decentralized smart contracts platform.
This Crypto.com Price Forecast 2021 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our CRO price prediction and price analysis.
The year 2020 was good for cryptocurrencies. While the rest of the world’s economy dipped, most cryptocurrencies’ prices increased or maintained their prices within the range. However, 2021 seems quite promising to the crypto world.
Meanwhile, there are also some crypto that didn’t escape the volatility of the crypto market. As a result, many crypto traders are confused about whether it is time to sell or hold out for a good price.
For CRO, this may not be the case as it continues to maintain its uptrend position. In fact, CRO price reached an all-time high price of $0.27 in February. It also reached a 24-hour trading volume of over $210 million.
Crypto.com (CRO) is planning to launch its Mainnet on March 25, 2021. CRO will make the largest token burn in history, wherein 70 billion CRO will be removed from the total supply. Moreover, 59.6 billion CRO was already burned on February 22, 2021.
Nevertheless, the crypto market is moving sideways lately, and most cryptos are losing their previous gains. Is the scenario the same as the CRO price? We’ll find out shortly in this CRO price analysis 2021 article. But first, let’s have a look at what CRO is.
What Is CRO?
Crypto.com Coin (CRO) is the native digital currency token of Crypto.com Chain. Moreover, Crypto.com Chain is an open-source blockchain developed by the Crypto.com trading, payment, and financial services firm.
Crypto.com Chain is one of the products in Crypto.com’s lineup of solutions developed to accelerate the global adoption of cryptocurrencies. Moreso, the CRO blockchain serves primarily as a vehicle that provides the Crypto.com Pay mobile payments app.
In the future, Crypto.com plans to grow the reach of the CRO platform to power its other products.
Currently, the top crypto trading platforms for CRO are Huobi Global, OKEx, HBTC, Xtheta Global, and CoinTiger
Do you think this market performance of CRO could make it a profitable cryptocurrency this year? Are you curious to find out? In this case, let’s head to the charts and find out in this CoinQuora CRO price prediction 2021 article.
CRO Price Prediction 2021
Currently, CRO holds the 20th place on CoinGecko. But will the recent changes and development in the blockchain help the digital currency price to reach higher? Let’s proceed to the charts in this CRO price prediction article.
In the monthly time frame, the chart below shows the Symmetrical Triangle pattern. The pattern represents a period of consolidation. This might immediately force a price breakout or breakdown.
A breakdown from the lower trendline indicates the start of a new bearish trend, while a breakout from the upper trendline indicates the start of a new bullish trend.
As shown above, at the beginning of this, CRO turned from its bear-to-bull trend. This shows a high trade volume that happened during that period. The Relative Strength Index (RSI) is at 60, which means that CRO is nearing being oversold and may trigger a price reversal at any given time.
Therefore, traders must trade wisely and must not be affected by the market hype. With this in mind, traders must be cautious in investing to avoid unexpected losses due to the crypto market’s wild swings
Since the start of 2021, CRO’s price has seen many bullish moves which are higher than the previous one. More so, these are followed by fluctuations, consolidation, and corrections right away. Taking this into consideration, CRO has a competitive market this 2021. Consequently, some crypto experts predict March will be altcoin season.
CRO Price Prediction Chart Showing Cup and Handle Pattern
As shown below in this CRO price forecast chart, in a bigger time frame, CRO has shown a Cup and Handle Pattern.
The above Crypto.com price forecast shows that CRO displayed a Cup and Handle Pattern, an uptrend signal. In ideal cases, this immediately leads to a price bullish breakout.
More so, in the short-to-mid term scenario for our CRO price prediction 2021, CRO has to break past the resistance level at $0.349. To do this, it has to establish more support at the resistance level at $0.254. If not, bears may gain the upper hand and drag CRO to their territory.
CRO has a bright future ahead of it in 2021. With ongoing developments happening within the CRO ecosystem, as well as in the overall crypto market, we may see CRO reach new heights.
Meanwhile, our long-term CRO price prediction 2021 is bullish. In addition, it has a high possibility of surpassing over $0.42 and may reach above $0.78 this year. However, that will only happen if it breaks past many psychological resistances.
As said above, CRO may even reach $3 if investors have decided that CRO is a good investment in 2021, along with mainstream cryptocurrencies like Bitcoin and Ethereum.
Crypto.com Coin (CRO) is the native digital currency token of Crypto.com Chain, which is an open-source blockchain platform.
Users can obtain CRO tokens by purchasing them from cryptocurrency exchanges such as crypto.com, OKEx or Huobi Global.
CRO is a good investment in 2021. However, crypto traders need to take extra care when trading in cryptocurrencies, as they are extremely volatile.
Yes, as per the current trend it is very much possible that CRO hit 3$ before 2021 ends.
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.
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