🔥 Cronos Approaches a Major Turning Point

Cronos is moving toward the apex of a falling wedge on the daily chart 📉. This pattern forms when price narrows between two descending trendlines and often signals a potential bullish reversal as selling pressure weakens.

Momentum indicators support this possibility. The MACD is curling upward and nearing a signal line crossover 📊. A confirmed crossover would suggest growing bullish momentum. The RSI, sitting at 36, has also bounced from the oversold zone, hinting at fresh buying interest 💹.

But there are still strong bearish signals. The 50-day EMA recently slipped below the 200-day EMA ⚠️, forming a Death Cross and reinforcing the broader downtrend. If the 100-day EMA also crosses below the 200-day EMA, it would strengthen the bearish outlook and threaten the wedge structure.

For the bullish scenario to stay alive, CRO needs to hold above the lower trendline support near 0.09437. A breakdown below this level would invalidate the pattern and could drive price toward the 0.06721 low from October 10 📍.

Cronos is now at a critical decision point, and the next move could set the tone for its upcoming trend. 📌