Coin Price Prediction: What Next for the CRO Price?

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The Coin price is in a relentless rally. CRO price is trading at $0.2218, which is 61% above where it was in the past 24 hours and 180% above where it was a week ago. In total, the currency has jumped by 275% this month and by 380% from its lowest level in 2020.

What happened: In the past few weeks, the focus among crypto traders has been on coins issued by exchanges. For example, in the past few days, the Binance Coin has soared to become the third-biggest cryptocurrency in the world with a valuation of more than $43 billion. 

Similarly, the Huobi token price has jumped by more than 100% in the past seven days, becoming the 22nd biggest currency.

The coin, on the other hand, has more than doubled, bringing its total market cap to more than $5.5 billion. This trend has happened due to the rising demand for digital currencies that has led to more volume in the exchanges.

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The daily chart below shows that the CRO price has been on a strong rally in the past few days. The price has also managed to move above the important resistance level at $0.1973, which was the highest level on August 20. 

As a result, the price coin price has moved above all moving averages. The Relative Strength Index (RSI) and other oscillators have also moved to the overbought level. Therefore, while the price will likely continue rallying, there is a likelihood that a pullback will happen. If this happens, the next key level to watch will be $0.1400.

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