Crypto.com Coin Cryptocurrency Forecast
A very strong day for Crypto.com Coin cryptocurrency price on Thursday
(Updated on Mar 28, 2024)
The Crypto.com Coin cryptocurrency price gained 6.33% on the last trading day (Thursday, 28th Mar 2024), rising from $0.145 to $0.155. During the last trading day the cryptocurrency fluctuated 6.84% from a day low at $0.145 to a day high of $0.155. The price has risen in 6 of the last 10 days and is up by 14.28% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 29 million shares were bought and sold for approximately $4.51 million.
The cryptocurrency lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the cryptocurrency is expected to rise 66.91% during the next 3 months and, with a 90% probability hold a price between $0.199 and $0.300 at the end of this 3-month period.
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CROUSD Signals & Forecast
The Crypto.com Coin cryptocurrency holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.144 and $0.137. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, March 11, 2024, and so far it has fallen -7.04%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Crypto.com Coin cryptocurrency
On the downside, the cryptocurrency finds support just below today's level from accumulated volume at $0.143 and $0.141. There is a natural risk involved when a cryptocurrency is testing a support level, since if this is broken, the cryptocurrency then may fall to the next support level. In this case, Crypto.com Coin finds support just below today's level at $0.143. If this is broken, then the next support from accumulated volume will be at $0.141 and $0.139.
This cryptocurrency may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.0099 between high and low, or 6.84%. For the last week, the cryptocurrency has had daily average volatility of 5.97%.
Our recommended stop-loss: $0.148 (-4.32%) (This cryptocurrency has high daily movements and this gives high risk. There is a sell signal from a pivot top found 17 days ago.)
Trading Expectations (CROUSD) For The Upcoming Trading Day Of Friday 29th
For the upcoming trading day on Friday, 29th we expect Crypto.com Coin to open at $0.151, and during the day (based on 14 day Average True Range), to move between $0.142 and $0.167, which gives a possible trading interval of +/-$0.0121 (+/-7.82%) up or down from last closing price. If Crypto.com Coin takes out the full calculated possible swing range there will be an estimated 15.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.155 (0.13%) than the support at $0.143 (7.44%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Crypto.com Coin cryptocurrency A Buy?
Crypto.com Coin holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 6.042 Strong Buy Candidate Upgraded
Predicted Opening Price for Crypto.com Coin of Friday, March 29, 2024
Fair opening price March 29, 2024 | Current price |
---|---|
$0.151 ( 2.05%) | $0.155 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CROUSD
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.161 | 4.36 % | |
R2 | 0.157 | 1.91 % | ||
R1 | 0.155 | 0.398 % | ||
Current price: | 0.155 | |||
Support | S1 | 0.148 | -4.50 % | |
S2 | 0.145 | -6.01 % | ||
S3 | 0.141 | -8.46 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.165 | 6.99 % | |
R2 | 0.157 | 1.62 % | ||
R1 | 0.155 | 0.129 % | ||
Current price | 0.155 | |||
Support | S1 | 0.143 | -7.44% | |
S2 | 0.141 | -9.00% | ||
S3 | 0.139 | -10.10% |
FAQ
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