Cronos (CRO) Dips After Trump & Crypto.com ETF Buzz Fades What’s Next for the Token?
Just two days after Trump Media made headlines by partnering with Crypto.com to roll out a new exchange-traded fund (ETF), the hype seems to be fading fast, and Cronos (CRO) is feeling the heat.
The native token of the Cronos blockchain, CRO, initially surged to $0.095 on the heels of the big announcement. Investors were hopeful that the partnership between Trump Media, Crypto.com, and Yorkville America Digital would drive long-term excitement for the token.
But that bullish burst didn’t last long. At the time of writing, CRO has dropped back down to around $0.089, raising questions about the sustainability of the ETF-driven rally.
Trump Media Partnership Fails to Keep CRO Momentum Alive
Before the ETF announcement, CRO was dangerously close to slipping below $0.080. However, when news broke that Crypto.com would be powering Trump Media’s ETFs through its global trading platform, optimism briefly returned.
“This partnership gives Trump Media ETFs global distribution powered by the Crypto.com platform. It’s a win for Trump Media, Crypto.com, CRO, and Yorkville America Digital,” said Kris Marszalek, CEO and Co-Founder of Crypto.com.
Despite the bold claim, CRO couldn’t hold its gains. Technical indicators show that momentum began to stall almost immediately after the spike.
Technical Outlook: Is CRO Set for Consolidation?
The Awesome Oscillator (AO), a key momentum indicator, failed to enter the green zone, signaling that bullish momentum may already be waning. A neutral or negative AO often points to a market losing steam, and that seems to be the case for CRO.
Currently, CRO is struggling to push past the $0.092 and $0.10 resistance levels. If momentum doesn't return soon, those barriers might hold strong in the short term.
Another technical red flag comes from the Parabolic Stop-and-Reverse (SAR) indicator. On the CRO/USD daily chart, SAR dots have flipped above the price, a classic sign of overhead resistance.
This suggests that CRO may face difficulty breaking through the $0.10 mark, especially around the 0.236 Fibonacci retracement level. As long as the SAR remains bearish, a move higher will be tough without renewed buying interest.
CRO Price Prediction: A Rangebound Future or Deeper Drop?
If current market conditions persist, CRO could enter a consolidation phase, fluctuating between $0.082 and $0.097 in the near term. However, if selling pressure intensifies, there’s a risk the token could slide toward $0.068.
On the flip side, an increase in buying activity, potentially fueled by renewed interest in the Trump-Crypto.com ETF collaboration, could reignite bullish momentum. If demand picks up, CRO might rally toward $0.13, testing new highs for the month.
What This Means for Cronos Investors
The short-term outlook for Cronos (CRO) appears uncertain. While the Trump Media and Crypto.com partnership offered a spark, it wasn’t enough to ignite a full-on rally. Investors should watch closely for changes in momentum, especially if ETF-related developments begin to gain real traction.
For now, CRO is walking a fine line between potential breakout and further pullback, and the market will decide what comes next.
