CRO secures early footing following Tuesday’s upswings. A decisive move past $0.60 will see Crypto.com exploring November’s all-time highs.
Crypto.com is a blockchain platform supporting crypto trading and other cryptocurrency-related services. Moreover, users can utilize the site to earn, borrow, and spend cryptos. The network has CRO as its native coin.
Crypto.com Brand Goals
Indeed the Crypto.com developers remained active in recent weeks. The platform welcomed the New Year with news of purchasing Super Bowl airtime after the declared sponsorship of Angel City FC, the US women’s soccer team.
Meanwhile, Crypto.com targets to be among the top twenty consumer brands through its sponsorship and advertising campaigns. Remember, the news came after UK watchdogs banned two ads by Ccrypto.com. Meanwhile, the network’s response and dedication to work with global regulators was vital to prevent moving out of the market trends.
Crypto.com progressed with its sponsorship campaign following the advert ban. That led to the network sponsoring AFL (Australian Football League). Though CRO suffered from the global crypto forces since 2021 November, the alt appeared to secure support in recent days.
CRO Price Action
CRO saw a 4.6% upside move during Tuesday’s sessions, ending the day hovering at $0.3920. Remember, Crypto.com had touched its all-time high at $0.9732 in November. Nevertheless, the alt stays 30% lower as far as this month is concerned.
While publishing this blog post, Crypto.com Coin traded near $0.3999, following a 2.02% urge. Meanwhile, bulls’ initial vital resistance zone will emerge at January’s peak of $0.5895. A break past the value level of $0.60 would see CRO hitting December highs at $0.7774. An extended move beyond this area will clear the road to $0.9732.
Meanwhile, market pundits remain optimistic about the asset’s price actions. Price forecasts see CRO exploring higher levels at $1 before 2022 ends.
The broad market showed bullishness within the past day. The global market capitalization saw a 3.69% surge within the previous 24 hours, standing at $1.68 trillion. Moreover, Bitcoin experiences continued upswings, highlighting near-term bullishness at $37,338 at this publication (Coinmarketcap data).
What are your opinions on the current situation in the cryptocurrency spectrum? You can share your thoughts in the comment area below.