The Cro price prediction is for the CRO/USD pair to encounter stiff resistance at the 0.1347/0.1400 resistance wall. This wall needs to be broken for price ascent towards future upside targets.
Cro was also hit hard by the crypto market selloff of last week, which extended a period of correction and enabled the asset to hit lows not seen since February 17. However, the price is recovering well but is now facing significant headwinds.
Crypto.com, the project behind the Cro token, is on the verge of launching its own NFT platform, which it plans to make an “invite-only” portal. The project plans to leverage on its ties with artists and sports athletes and organizations to issue non-fungible tokens.
CRO/USD is up 4.95%, and is on the verge of hitting a 4th straight day of gains.
Technical Levels to Watch
The CRO/USD daily chart reveals that the price wall between 0.1347 and 0.1400 is a critical barrier between the V-shaped recovery pattern and the next target at 0.1642. This price wall has to give way for this target to be achieved. Further advance allows Crypto.com to attain the 0.1971 resistance before 0.2204 comes into view.
On the other hand, a rejection at the price wall allows the bears to push for a rendezvous with the 0.1128 support level. Additional targets at 0.0953 and 0.0829 also come into the picture with a price decline.