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Crypto.com Price Prediction: CRO is likely to fall further, with a 50% correction looming.
The price of Crypto.com is on the verge of falling another 50%, a gloomy target set by the current chart pattern.
Before further fall, some support may appear near the 200-day SMA at $0.31.
If buyers manage to reverse the period of underperformance, the bulls may have a difficult time surpassing $0.46.
The price of Crypto.com plummeted 18% after falling below a vital line of defense on January 17. CRO is now at risk of falling 50% toward the negative projection provided by the current chart pattern.
The price of Crypto.com might drop by half
On the daily chart, the price of Crypto.com has sliced below the lower limit of the symmetrical triangular formation on January 17. The latest drop in momentum has put a 50% drop approaching $0.17 on the radar, a bearish objective set by the ruling technical pattern.
The Arms Index (TRIN), which measures overall market mood, registered a level of 1.61, indicating that there are substantially more CRO sellers in the market than purchasers.
The Momentum Reversal Indicator (MRI) support line around $0.35 is the first line of defense for Crypto.com pricing. The 200-day Simple…
