The Crypto.com Coin Price has lost momentum. The CRO price is trading at $0.23, which is slightly below this week’s high of $0.2410. It has jumped by 22% in the past seven days, underperforming Binance Coin that has jumped by more than 37%.
What happened: Crypto.com operates a leading cryptocurrency environment that is involved in almost all sectors. The company runs a crypto wallet, an exchange platform, crypto visa cards, investing platform, and NFT marketplace. Its well-known brand and easy-to-use platform makes it a big brand in the industry. It has grown its total number of users to more than 10 million.
Therefore, Crypto.com is similar to Coinbase, a company that offers the same services. It is also similar to Binance, one of the biggest crypto exchanges in the world. As such, the Crypto.com Coin price surged this month as traders waited for the Coinbase listing. It has jumped by more than 45% from its lowest level this month. It has slightly below its all-time high of $0.2750.
In addition to the Coinbase listing, the Crypto.com coin has surged because of the strong activity in the exchange as the price of digital coins has surged. CRO is highly correlated with crypto activity.
Crypto.com Coin Price Prediction
On the four-hour chart, we see that the CRO price has rebounded recently. It remains above the ascending trendline shown in black. It is also being supported by the moving averages. Most notably, bulls seem to be eying the March high at $0.2495.
Therefore, in the near term, the coin will likely continue rising as bulls eye this level. Any move above it will open the possibility of it testing the all-time at $0.2750, which is about 18% above the current level. A drop below $0.20 will invalidate this trend.