Cronos (CRO) is gaining traction, climbing 4.68% over the past 24 hours to reach $0.1402 as bullish sentiment builds across technical and fundamental fronts.
The token has now surged over 74% in the past month, making it one of the strongest performers among the top 30 crypto assets. Traders and analysts are increasingly eyeing a breakout, with some projecting a potential move to $0.8868, a 519% gain from current levels.
Why Cronos Crypto Is Rising
The recent Cronos coin rally is backed by major ecosystem developments and renewed market optimism.
On July 28, the Cronos POS v6 upgrade went live, bringing with it several enhancements, including Cosmos SDK v0.50.10 integration, IBC-go v8.5.1 support, and RocksDB optimizations that reduce memory usage by 20%.
A new “Circuit Breaker” feature was added to pause the network during emergencies, a rare but crucial safety net for avoiding bigger issues.
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These upgrades make Cronos faster, more efficient, and more attractive to developers. And it’s already showing results: gas usage jumped 14% in the last 24 hours, while contract deployments rose nearly 33% to 81.
On the exchange front, Crypto.com, the chain’s core backer, recently re-entered the Top 5 in global monthly spot exchange volume. As of August, the platform sits in 4th place behind Binance, Bitget, and Bybit. This visibility boost contributes to the CRO token rising demand and liquidity.
Adding fuel to the fire is renewed speculation around the Trump Media-backed “Crypto Blue Chip ETF,” which reportedly includes a 5% allocation to Cronos. The ETF is still pending SEC approval with a September 18 deadline.
CRO Price Eyes 519% Rally After Golden Cross Breakout
Technical indicators show that Cronos (CRO) is showing a mixed but promising pattern. On July 29, CRO completed a Golden Cross, meaning the 50-day average price ($0.122) went above the 200-day average price ($0.103). This pattern usually shows that the market is moving upward for the medium term.
Currently, Cronos coin is trading just below the resistance level of $0.145, which was the high on July 29. If CRO can close above this level, it could confirm a breakout and open the door for a move toward $0.157, a key Fibonacci target.
Right now, CRO is sitting near the top of its Bollinger Band range, with support levels at $0.1315 and a stronger base around $0.119. The RSI is at 62.79, indicating it’s not overbought yet, with room to climb.
That said, the MACD shows a slight dip in momentum, so unless trading volume picks up, the rally could cool off a bit in the short term.
Javon Marks, a technical analyst known for bold yet data-driven forecasts, points to a potential move to $0.8868, a 519% climb. According to Marks, higher lows and a confirmed breakout suggest CRO could replicate previous runs of 6–10x magnitude.
His previous tweet noted that this setup mirrors past accumulation zones that preceded large parabolic moves.
On-chain metrics support the bullish thesis, with Cronos now averaging 175,000+ transactions daily and 1.8 TPS, while gas fees remain near-zero. Active addresses have also recovered from June lows, suggesting user activity is returning to the chain.
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