- com printed a steady base that triggered a 12% uptick to overcome the $0.41 obstacle.
- CRO can retest the $0.45 mark seamlessly if its steadies beyond this crucial barrier.
- Losing strength at $0.42 might trigger a downside towards $0.37 or lower.
Crypto.com price formed multiple liquidity pools at range high and low of the latest upward action. This technical picture led to ambiguity with CRO’s directional bias, but the recent sponsorship deal announcements show a likely bullish move for the token.
Crypto.com revealed the deal to finance the Qatar 2020 FIFA World Cup via its Twitter account. Crypto.com will be the official trading firm to sponsor World Cup tournaments in Qatar.
However, the move to secure sports sponsorship deals is not new in the cryptocurrency industry. TX partnered with Major Baseball League, eSports teams, and Mercedes.
Also, Crypto.com has collaborated with leading names in the sports world, including the league one giants Paris Saint-Germain. Meanwhile, the FIFA collaboration will see Crypto.com garnering branding exposure in and out of the contest’s stadiums.
Crypto.com Coin at Break-or-Make Point
Ccrypto.com (CRO) lost approximately 20% between 2 March and 7 March, formulating a range stretching between $0.45 and $0.37. However, the downswing set up a boundary, and bulls respected the level to form a double bottom around $0.37, catalyzing a recovery move for CRO.
So far, the alternative coin has flipped the 50% retracement area around $0.41. CRO hovers beyond this area while publishing this content. Maintaining the current bullish strength would witness CRO climbing towards levels beyond its range highs.
Interested individuals can wait for CRO to retest the barrier at $0.41 to execute long positions and take profits around $0.45. Meanwhile, the upswings might push the alt towards $0.47 amid increasing buying pressure.
Though things seem favorable for CRO bulls, violating the support barrier at $0.41 will launch a move in the downside direction. Crypto.com producing a 4hr candle close beneath $0.37 will annul the bullish theory. Such developments might see the alternative token sliding towards the stable support zone around $0.36.
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