- Cronos label extends its gains by 17% on Tuesday after rallying almost 18% within the day before right this moment.
- The unique partnership between Trump Media & Technology Neighborhood and Crypto.com fueled the rally.
- The upcoming mainnet make stronger on CRO underpinned its label rally.
- The technical outlook and open hobby records imply a rally continuation.
Cronos (CRO), the token for the Crypto.com platform, extends its make by 17% and trades spherical $0.11 on Monday after surging almost 18% the day before right this moment. The predominant motive on the abet of the rally is the partnership between Trump Media and Technology Neighborhood and Crypto.com on Monday and the upcoming mainnet make stronger on CRO this week. Moreover, the technical outlook and open hobby records imply a rally continuation.
Why is Cronos going up this day?
Cronos label rallies extra than 17% all the device thru the early Asian session on Tuesday after gaining 17.54% the day before right this moment. The two predominant causes for the price rally are as follows:
At the beginning, the announcement of President Trump’s Trump Media and Technology Neighborhood (TMTG) plans to launch a series of ETFs in 2025 in partnership with Crypto.com. The ETFs will focal level on cryptocurrencies and securities originating within the US, made readily accessible thru Crypto.com’s dealer-vendor, Foris Capital. Crypto.com regularly is the reliable token dealer for the crypto ETFs, including Bitcoin, Cronos, and other “Made in The united states” tokens.
We’re enraged to reveal that https://t.co/vCNztATSCO will companion with Trump Media for ETFs, including a first of its form ETF basket of cryptocurrencies, including #CRO and other crypto sources.https://t.co/EyxAH4Zhp6 pic.twitter.com/2mFvybjKOW
— Crypto.com (@cryptocom) March 25, 2025
Secondly, the upcoming zkEVM v26 mainnet make stronger for Cronos on Wednesday additionally fuels its rally. This make stronger will introduce Clean Myth SSO, simplifying logins with Google, Apple ID, or e-mail. No seed phrases or private keys are required. This can additionally lay the muse for the ZK Gateway, surroundings the stage for rapid ZK-chains interoperability.
⚡️ Cronos zkEVM v26 Mainnet Upgrade
Scheduled for: 26 March 2025 at 07:00AM UTC
⏳ #CROFam Seek records from of 1-2 hours of downtime all the device thru the make stronger.
The make stronger will introduce Clean Myth SSO – simplifying logins with Google, Apple ID or e-mail. No seed phrases or private keys… pic.twitter.com/Z5CTsG3aYf
— Cronos (@cronos_chain) March 24, 2025
Cronos Stamp Forecast: CRO bulls purpose for $0.133 stamp
Cronos’s label broke above its descending trendline (drawn by connecting extra than one highs since early December) on March 6 but confronted resistance spherical its day to day stage of $0.089. Then again, CRO broke and closed above its $0.089 resistance on Monday and rallied 17.54%. At the time of writing on Tuesday, it continues to trade better by 17%, spherical $0.11
If CRO continues its upward pattern and closes above the $0.108 weekly resistance stage, it must also lengthen the rally to retest its January 31 excessive of $0.133.
The RSI on the day to day chart reads 71, above its overbought stage of 70, and ingredients upward, indicating robust bullish momentum. Then again, merchants has to be cautious because the RSI reaches its overbought stipulations, because the possibilities of a pullback are excessive. One other possibility is that the RSI maintains its stage above 70 and continues to rally.
CRO/USDT day to day chart
Cronos’s Delivery Hobby (OI) additional supports the bullish outlook—Coinglass’s records shows that the futures’ OI in CRO at exchanges rose from $21.49 on Monday to $39.19 million on Tuesday, the supreme stage since January 22. An increasing OI represents unique or additional money getting into the market and unique shopping, which implies a rally forward within the CRO label.
CRO open hobby chart. Source: Coinglass
