Cronos (CRO)
Cronos (CRO) is showing signs of recovery after hitting a three-month low, with prices rising for the second consecutive session.
Yesterday, CRO/USD reached a low of $0.05072, but it has since surged to a high of $0.05291.
The support level at $0.0495 was not broken, thanks to the stability of the 34.00 support point on the relative strength index (RSI).
Currently, the RSI is at 49.60 and the next resistance level is around 52.00.
If the price strengthens beyond this point, CRO is expected to trade around $0.05500.
Stellar (XLM)
Stellar (XLM) reached a three-day high as bulls aim to break a key price ceiling.
XLM/USD hit a high of $0.1271, less than 24 hours after trading at $0.122.
The 10-day moving average is approaching a crossover with the 25-day moving average, which is the closest traders have come to breaking the resistance zone at $0.1300 since Tuesday.
The 14-day RSI broke past the ceiling at 49.00 and is currently at 51.08.
However, the earlier gains have slightly decreased, with XLM now trading at $0.1253.
Hot Take
Cronos (CRO) and Stellar (XLM) are both experiencing positive price movements, with CRO showing signs of recovery and XLM aiming to break a key resistance level. These upward trends can be attributed to the stability of support points and the breaking of previous ceilings on the RSI. Although there have been slight corrections in the gains, both cryptocurrencies are still trading at relatively higher prices compared to recent lows.
Benito Cormi, the brilliant crypto analyst who has made waves in the world of cryptocurrency. With his razor-sharp analytical skills and deep understanding of the digital asset landscape, Benito has become a trusted figure in the industry and remains at the forefront, tirelessly researching and analyzing market trends to help individuals and businesses make informed decisions in this dynamic landscape.
