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Crypto.com coin could move deeper into red territory if it fails to hold on to $0.2 support. Tron witnessed an upward breakout from a down channel, while Kusama maintained a strong uptrend since the start of 2021.
Crypto.com Coin [CRO]
Bollinger Bands can be found on Crypto.com. As the price of the coin moved marginally above $0.2, it converged and displayed low uncertainty in the market. The above amount represented critical support for the bulls, and failure to retain it would almost certainly result in more losses towards $0.17, another solid area of support.
At the time of writing, 24-hour trading rates were increasing, suggesting that a bearish situation could be avoided in the coming sessions. A balanced market was reflected by the MACD line superimposed on the Signal line. CRO bulls will look to launch an increase above $0.248 in order to target record highs.
A split over the upper trendline resulted in a sharp bullish shift on Tron, negating a down channel on the 4-hour timeframe. Tron also pulled closer to its local peak of $0.068, an area that saw a major sell-off during the previous rally. With MACD approaching a bearish convergence and RSI indicating a bearish divergence, the market was in danger of falling below support at $0.0627.
If the bulls can conquer bearish sentiment and hold the aforementioned support level, the price could climb above its local peak. A spike in the wider market will also cause Tron to break upward on the map.
On Kusama’s 4-hour map, a markup period was apparent after the price displayed a longer uptrend after the beginning of 2021. Year-to-date gains totalled more than 568 percent as KSM scaled the crypto-rankings to become the world’s 25th largest cryptocurrency, with a market cap of $4.1 billion. Higher highs and newer record lows were hallmarks of a markup era, and KSM’s price action reflected this over the last few trading sessions.
The RSI was pointing north from above 60, suggesting power on the bullish side. Awesome Oscillator, on the other hand, observed some choppy movement and also registered a red bar at the time of publishing. While doubtful, a pullback will illustrate support ranges at $458.7 and $420.5.