Crypto.com (CRO) Price Prediction: The next move defines the trend for October

Crypto.com (CRO) Price Prediction The next move defines the trend for October
Crypto.com (CRO) Price Prediction The next move defines the trend for October

Disclaimer: The opinion expressed in this article is opinion only and should not be taken as financial advice. Coinmash has no involvement with any assets discussed and urges everyone to do their own research before making any financial decisions.

Quick Take

  • Crypto.com price auctions near the bottom end of a trading range on the final day of September.
  • CRO price is witnessing a compression below two significant indicators.
  • A trend reversal or strong continuation of the downtrend will result from the squeeze in the market.

CRO is prepping for a move

Crypto com price currently auctions at $0.11 as the market has come to a complete standstill. A sharp rally was witnessed during the final week of September, contributing to a 26% rally. The bears jumped back into the market following the rapid rise, bringing the bullish returns down halfway. 

The compression between the two below averages means the CRO price is at or near a key level. CRO price could witness a sharp spike into the next intended target. If the bulls do not hurdle into the moving averages soon, the Ethereum-based exchange token’s trend will likely be bearish, targeting $0.09 and further.

CRO USDT 1-Day Chart
CRO USDT 1-Day Chart

On the contrary, if the bulls do find support (which correlates with how the volume profile looks), a propelling rally towards $0.14 could occur. 

Invalidation of the trade idea will be beneath the swing low or on top of the swing high. or on top of the swing high. The entries should be placed on both sides and one can be removed once the other is filled. 

Disclaimer
All articles published on Coinmash are strictly for informational purposes only. Any action that is taken from reading content published on this website is done at your own risk. 

About the Author
Tony Montpeirous
Tony Montpeirous
Tony Monpeirous is a full time crypto trader and chart analyst at Coinmash and FXStreet. His style of trading includes, Elliot Wave, Auction Market Theory, and Classic Price Action techniques. When he is not on the screens, Tony enjoys music, cooking, and learning new skills.