Key takeout
Altcoins have performed well over the last 24 hours, led by Ether, XRP and Aave.
Cronos’s Cro Token performs best in the top 50, increasing 18%, focusing on resistance levels of $0.1099
Chronos gathers in the True Social Cryptographic Blue Chip ETF
Altcoins are 24 hours ago, with Ether, Solana, XRP and Cardano adding 3% to all values. Aave and Cronos (CRO) are other highly functional coins backed by a strong foundation.
Cro, a native coin for the Chronos blockchain, performs best among the top 50 cryptocurrencies by market capitalization. The coin has now traded at $0.0970 after reaching a high of $0.1000, adding 18% to its value in the last 24 hours.
The rally was facilitated by reports confirming that the CRO is part of the Crypto Blue-Chip ETF. The fund was proposed by the Truth Society in collaboration with Trump Media & Technology Group.
The ETF is set up to combine the top cryptocurrencies listed in NYSE Arca into a single financial product. Its distribution was set at 70% for Bitcoin, 15% for Ethereum, 8% for Solana, 5% for Chronos and 2% for XRP. The announcement sparked a CRO rally.
CRO is a native coin from Cronos, a blockchain created by Cryptocurrency Exchange Crypto.com.
Cro turns to a resistance level of $0.1099 amid bull indicator
The CRO/USD 4-hour chart is bullish and efficient, showing that traders have swept liquidity into shortcomings and are ready for another foot. The technical indicators are bullish, suggesting that CROs may gather higher.
The 77 RSI shows that CROs are now heading towards over-acquired regions after adding 18% to their value in the last 24 hours. Red and blue MACD lines also crossed the positive zone, suggesting purchasing pressure.
With the Bulls still under control, the CRO could rally at $0.1099 to the next level of resistance in the coming hours or days. After increasing efficiency a few hours ago, we have already established a weak support level at $0.0919.
As the rally continues, CROs can test their next major resistance level at $0.1202, the highest level since March.
However, once the Bears regain control, the CRO may lose recent profits and test a support level of $0.0793. A $0.0691 TLQ should provide strong support if bearish trends remain.
