After Trump Investment: These are the price targets for the CRO token

• The price of the in-house coin Cronos (CRO) of the crypto exchange Crypto.com is currently moving in only one direction. In the last 24 hours of trading, the CRO price continued to surge northward, rising 56 percent to $0.35. This puts the altcoin at the forefront of the list of the top 100 cryptocurrencies by a wide margin.
• This represents a weekly price increase of 143 percent. The reason for the price explosion is the planned establishment of a crypto treasury by Donald Trump's Media & Technology Group, together with Crypto.com and the Yorksville Acquisition Group. Up to 6.3 billion CRO, the native token of the Cronos blockchain, are to be accumulated in the future.
• Investors are honoring the bullish news and have pushed the price to $0.38, its highest level since April 2022. Although the CRO price initially bounced south at this resistance level, buyers could already attempt to stabilize the price in the support area around $0.312.
• As long as this area can be defended, the immediate focus is on further north. If the daily close is above today's high and CRO continues to rise, the next target at $0.44 would come into focus.
• If the price continues to be bullish here, a medium-term breakthrough to the all-time high of March 2022 at $0.50 is conceivable.
• If the buyers subsequently succeed in sustainably breaking through this resistance, Cronos could potentially rise to the maximum bullish price target of $0.59.
• If, however, the price slides back to the support zone around $0.32 and fails to stabilize there, a pullback towards $0.27 should be expected. The probability of a retest of the breakout zone around last year's high between $0.24 and $0.23 would subsequently increase.
• If the CRO token falls to this level, a directional decision will occur. Bulls must be present to prevent a correction extending to at least $0.20.
• If a sustained northward reversal fails, a pullback to the breakout level of $0.17 would no longer be out of the question. Chart-wise, this support level serves as a maximum bearish price target.

Sources

CRO/USDT on Tradingview