Price of Cronos Crashes in Last 48 Hours to $0.2783

Cronos (CRO) has made it onto CoinMarketCap’s trending list and is currently occupying the 12th spot after a 7.76% drop in the last 24 hours. This puts CRO right behind Curve DAO Token (CRV) in the 11th position and Fantom (FTM) in the 13th position.

CRO is also in CoinMarketCap’s list of top 50 biggest crypto market caps, and is currently occupying the 20th position right behind NEAR Protocol (NEAR) in the 19th position.

Other than the 7.76% drop over the last 24 hours, CRO also saw a steep 27.45% drop over the last week. The last thirty days also did not look so good for CRO as its price is 39.37% down in the last month.

CRO’s price currently stands at $0.2924. This translates to 0.000007601 BTC or 0.000103 ETH. CROs highest price over the last 24 hours was $0.3175.

When looking at its market cap, CRO market cap totals $7,386,018,684, and was accompanied by a trading volume of $228,845,331 over the last 24 hours. The trading volume is thus down 11.05%.

Looking at the daily chart for CRO/USDT, the 50 EMA has crossed below the 100 EMA. This is quite a significant cross that signals a strong bearish trend. Once the 50 and 100 EMA crossed on the daily chart around the 18th of April, the price fell drastically to $0.2783 after a surge in sell trading volume.

It seems as if bulls are seizing the opportunity, already buying in and pushing the price to 0.2978 at the time of writing.