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- Bullish CRO price prediction is $0.538 to $0.975.
- CRO price will also reach $1 soon.
- CRO bearish market price prediction for 2022 is $0.2.
In Crypto.com (CRO) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and much other information about CRO to analyze the future movement of the cryptocurrency.
CRO Current Market Status
According to coingecko, the price of CRO is $0.414 with a 24-hour trading volume of $84,565,718 at the time of writing. However, CRO has decreased to 1.8% in the last 24 hours.
Moreover, CRO has a circulating supply of 25,263,013,692 CRO. Currently, CRO trades in cryptocurrency exchange such as OKX, DigiFinex, Bybit, CoinTiger, and Bitget.
Crypto.com is the native token of the Crypto.com Chain. The Crypto.com Chain is a high performance native blockchain solution that makes transactions between crypto users and merchants seamless, cost-effective and secure. Businesses can use Crypto.com Pay Checkout and / or invoice for customers to complete check-outs for goods and services through cryptocurrencies using the Crypto.com Wallet app.
Moreover, Businesses receive all their payments immediately at the CRO or Fixed Currency or Fiat. CRO is now available on DeFi Swap. Users can switch CROs, from CRO Liquidity providers, to charge and increase yields up to 20 times while CRO stacking.
Crypto.com holds the 16th position on CoinGecko right now. CRO price prediction 2022 explained below with a daily time frame.
A descending channel is a chart pattern formed from two downward trendlines drawn above and below a price representing resistance and support levels. The descending channel pattern is also known as a falling channel or channel down. The upper line is identified first, as running along with the highs and is called the trendline.
The lower line is identified as parallel to the trendline, running across the bottom. It is a bearish chart pattern defined by trendline support the series of lower lows and a diagonal resistance level connecting the lower highs.
Currently, CRO is at $0.41. If the pattern continues, the price of CRO might reach the resistance level to $0.668. If the trend reverses, then the price of CRO may fall to $0.32.
Crypto.com (CRO) Support and Resistance Level
The below chart shows the support and resistance level of CRO.
From the above daily time frame, it is clear the following are the resistance and support levels of CRO.
- Resistance Level 1 – $0.538
- Resistance Level 2 – $0.688
- Resistance Level 3 – $0.975
- Support Level 1 – $0.3218
- Support Level 2 – $0.2053
The charts show that CRO has performed a bullish trend over the past month. If this trend continues, CRO might run along with the bulls overtaking its resistance level at $0.975.
Accordingly, if the investors turn against the crypto, the price of the CRO might plummet to almost $0.2053, a bearish signal.
Crypto.com Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of CRO is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, RVOL of CRO lies below the cutoff line, indicating weaker participants in the current trend.
More so, the CRO’s Moving Average (MA) is shown in the chart above. Currently, CRO is in a bearish state. Notably, the CRO price lies below 50 MA (short-term), so it is completely in a downward trend. Therefore, there is a possibility of a reversal trend of CRO at any time.
Meanwhile, the relative strength index (RSI) of the CRO is at level 45.10. This means that CRO is in an nearly oversold state. However, this gives confidence for the traders to trade without any fear.
Let us now look at Crypto.com’s Average Directional Index (ADX). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. ADX is a component of the Directional Movement System. This system attempts to measure the strength of price movement in the upward and downward directions using DMI indicators with ADX.
The above chart represents the ADX of Crypto.com. Currently, CRO lies in the range at 20.67, so it indicates a weak trend.
From the above chart, the Relative Volatility Index (RVI) of CRO. RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of CRO is below the 50 level, indicating that the direction of volatility is low. In fact, CRO’s RSI is at the 45.10 level thus confirming a potential sell signal.
Comparison of CRO with BTC, ETH
The below chart shows the price comparison between Bitcoin, Ethereum and Crypto.com.
From the above chart, we can identify the trend of the ETH, BTC and CRO is moving at the same level as the trend. This indicates that when the price of BTC increases or decreases, the price of ETH and CRO also increases or decreases respectively.
Conclusion
With continuous improvements in the Crypto.com network, we can say that 2022 is a good year for CRO. For this reason, the bullish price prediction of Crypto.com in 2022 is $0.975. On the other hand, the bearish CRO price prediction for 2022 is $0.20.
Furthermore, with the advancements and upgrades on the CRO ecosystem, the performance of CRO would rise reaching $0.66 very soon. But, it might also reach $1 if the investors believe that CRO is a good investment in 2022.
FAQ
The Crypto.com chain was created to build a network of crypto projects and enhance the ability of merchants to adopt crypto as a form of payment.
CRO has listed on many crypto exchanges which include OKX, DigiFinex, Bybit, CoinTiger, and Bitget.
With the ongoing developments and upgrades within the CRO platform, it has a high possibility of reaching its ATH soon.
On Nov 24, 2021, CRO reached its new all-time high (ATH) of $0.9654.
Crypto.com seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of CRO in the past few months, CRO is considered a good investment in 2022.
Crypto.com (CRO) is one of the active crypto that continues to maintain its Bullish state. Eventually, if this bullish trend continues then Crypto.com (CRO) will hit $1 soon.
Crypto.com (CRO) price is expected to reach $1.2 by 2023.
Crypto.com (CRO) price is expected to reach $1.9 by 2024.
Crypto.com (CRO) price is expected to reach $2.6 by 2025.
Crypto.com (CRO) price is expected to reach $5 by 2026.
Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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