CRO Price Eyes Breakout as Double Bottom and Golden Cross Align
The post CRO Price Eyes Breakout as Double Bottom and Golden Cross Align appeared first on Coinpedia Fintech News
The CRO price has caught the community’s attention as it is flashing a classic double bottom pattern on the 4-hour chart, backed by a golden cross on the daily. With momentum surging from a multi-year support zone and strong gains in July, bulls now eye $0.157 as the next key level in sessions ahead.
Double Bottom Pattern Signals Momentum ShiftThe recent action in the CRO price chart has formed a clear “W” shape pattern which is interpreted as the double bottom sighted on the 4-hour timeframe, per a recent post on X.
This pattern often indicates a potential bullish reversal, especially when followed by rising volume or trend continuation signals. The CRO price has climbed over 80% in July, bouncing from lows near $0.08 to touch $0.1439.
Notably, this rally emerges from a multi-year support zone, giving more strength to the ongoing move. But resistance lies ahead. The Cronos token has encountered a brief pause around $0.1450, a level that needs to flip into support if bulls intend to test higher zones like $0.157, the price target suggested in the 4H analysis.
$CRO – Double Bottom? 