Crypto.com Price Prediction — Will CRO Hit $1 Soon?

Crypto.com Price Prediction — Will CRO Hit $1 Soon?
  • Bullish CRO price prediction is $0.57 to $0.9892.
  • CRO price will also reach $1 soon.
  • CRO bearish market price prediction for 2022 is $0.37.

In Crypto.com (CRO) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and much other information about CRO to analyze the future movement of the cryptocurrency. 

CRO Current Market Status

According to coingecko, the price of CRO is $0.54 with a 24-hour trading volume of $208,930,172 at the time of writing. However, CRO has increased to 1.9% in the last 24 hours.

Moreover, CRO has a circulating supply of 25,263,013,692 CRO. Currently, CRO trades in cryptocurrency exchanges such as OKEx, CoinTiger, FTX, Huobi Global, and KuCoin. 

What is Crypto.com (CRO)?

Crypto.com is the native token of the Crypto.com Chain. The Crypto.com Chain is a high performance native blockchain solution that makes transactions between crypto users and merchants seamless, cost-effective and secure. Businesses can use Crypto.com Pay Checkout and / or invoice for customers to complete check-outs for goods and services through cryptocurrencies using the Crypto.com Wallet app.

Moreover, Businesses receive all their payments immediately at the CRO or Fixed Currency or Fiat. CRO is now available on DeFi Swap. Users can switch CROs, from CRO Liquidity providers, to charge and increase yields up to 20 times while CRO stacking.

Crypto.com (CRO) Price Prediction 2022

Crypto.com holds the 16th position on CoinGecko right now. CRO price prediction 2022 explained below with a two hour time frame.

CRO/USDT Descending Triangle Pattern (Source: Tradingview)

The descending triangle is most commonly seen during downtrends and is often interpreted as a bearish signal. As the price continues to make lower highs, descending triangles indicate to investors and traders that sellers are more aggressive than buyers. When the price breaks out of the triangle in the direction of the overall trend, the pattern is complete.

Contrary to popular belief, a descending triangle can be bullish or bearish. A regular descending triangle pattern is traditionally regarded as a bearish chart pattern. A descending triangle pattern, on the other hand, can be bullish.

Currently, CRO is at $0.54. If the pattern continues, the price of CRO might reach the resistance level to $0.7622. If the trend reverses, then the price of CRO may fall to $0.46.

Crypto.com (CRO) Support and Resistance Level

The below chart shows the support and resistance level of CRO.

CRO/USDT Support and Resistance Level (Source: TradingView)

From the above daily time frame, it is clear the following are the resistance and support levels of CRO.

  • Resistance Level 1 – $0.5834
  • Resistance Level 2 – $0.6513
  • Resistance Level 3 – $0.7886
  • Resistance Level 4 – $0.8942
  • Resistance Level 5 – $0.9892
  • Support Level 1 – $0.4748
  • Support Level 2 – $0.3720

The charts show that CRO has performed a bullish trend over the past month. If this trend continues, CRO might run along with the bulls overtaking its resistance level at $0.9892.

Accordingly, if the investors turn against the crypto, the price of the CRO might plummet to almost $0.372, a bearish signal.

Crypto.com Price Prediction 2022 — RVOL, MA, and RSI

The Relative Volume (RVOL) of CRO is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, RVOL of CRO lies below the cutoff line, indicating weaker participants in the current trend.

CRO/USDT RVOL, MA, RSI (Source: TradingView)

More so, the CRO’s Moving Average (MA) is shown in the chart above. Currently, CRO is in a bearish state. Notably, the CRO price lies below 50 MA (short-term), so it is completely in a downward trend. Therefore, there is a possibility of a reversal trend of CRO at any time.

Meanwhile, the relative strength index (RSI) of the CRO is at level 29.94. This means that CRO is in an oversold state. However, this gives confidence for the traders to trade without any fear.

Crypto.com Price Prediction 2022 — ADX, RVI

Let us now look at Crypto.com’s Average Directional Index (ADX). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. ADX is a component of the Directional Movement System. This system attempts to measure the strength of price movement in the upward and downward directions using DMI indicators with ADX.

CRO/USDT ADX, RVI (Source: TradingView)

The above chart represents the ADX of Crypto.com. Currently, CRO lies in the range at 25.66, so it indicates a strong trend. 

From the above chart, the Relative Volatility Index (RVI) of CRO. RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of CRO is below the 50 level, indicating that the direction of volatility is low. In fact, CRO’s RSI is at the 29.94 level thus confirming a potential sell signal.

Comparison of CRO with BTC, ETH

The below chart shows the price comparison between Bitcoin, Ethereum and Crypto.com.

BTC Vs ETH Vs CRO Price Comparison (Source: TradingView)

From the above chart, we can identify the trend of the ETH, BTC and CRO is moving at the same level as the trend. This indicates that when the price of BTC increases or decreases, the price of ETH and CRO also increases or decreases respectively.

Conclusion

With continuous improvements in the Crypto.com network, we can say that 2022 is a good year for CRO. For this reason, the bullish price prediction of Crypto.com in 2022 is $0.98. On the other hand,  the bearish CRO price prediction for 2022 is $0.37.

Furthermore, with the advancements and upgrades on the CRO ecosystem, the performance of CRO would rise reaching $0.76 very soon. But, it might also reach $1 if the investors believe that CRO is a good investment in 2022.

FAQ

What is Crypto.com?

The Crypto.com chain was created to build a network of crypto projects and enhance the ability of merchants to adopt crypto as a form of payment.

Where can you purchase CRO?

CRO has listed on many crypto exchanges which include OKEx, CoinTiger, FTX, Huobi Global, and KuCoin.

Will CRO reach a new ATH soon?

With the ongoing developments and upgrades within the CRO platform, it has a high possibility of reaching its ATH soon.

What is the current all-time high (ATH) of Crypto.com?

On Nov 24, 2021, CRO reached its new all-time high (ATH) of $0.9654.

Is CRO a good investment in 2022?

Crypto.com seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of CRO in the past few months, CRO is considered a good investment in 2022.

Can Crypto.com (CRO) reach $1?

Crypto.com (CRO) is one of the active crypto that continues to maintain its Bullish state. Eventually, if this bullish trend continues then Crypto.com (CRO) will hit $1 soon.

What will be the CRO price by 2023?

Crypto.com (CRO) price is expected to reach $1.2 by 2023.

What will be the CRO price by 2024?

Crypto.com (CRO) price is expected to reach $1.9 by 2024.

What will be the CRO price by 2025?

Crypto.com (CRO) price is expected to reach $2.6 by 2025.

What will be the CRO price by 2026?

Crypto.com (CRO) price is expected to reach $5 by 2026.

Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.

Monisha is a Senior Programmer in the Automotive Embedded domain. Her interest in the cryptocurrency field made her write about crypto and blockchain-related news.