Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Cronos (CRO) To Soar Higher? Key Pattern Formation Hints At Potential Upside Move

Cronos (CRO) To Soar Higher? Key Pattern Formation Hints At Potential Upside Move

CoinsProbeCoinsProbe2025/10/23 18:57
By:Nilesh Hembade

Date: Thu, Oct 23, 2025 | 11:40 AM GMT

The broader cryptocurrency market continues to show an encouraging tone today, with Bitcoin (BTC) and Ethereum (ETH) both trading over 1% higher, setting the stage for potential upside in several altcoins — including Cronos (CRO).

CRO is back in green with modest intraday gains, but the latest chart setup suggests there might be more upside ahead. A developing harmonic pattern on its chart hints that a short-term bullish continuation could be underway.

Cronos (CRO) To Soar Higher? Key Pattern Formation Hints At Potential Upside Move image 0 Source: Coinmarketcap

Harmonic Pattern Hints at Potential Upside

On the 4-hour chart, CRO appears to be forming a Bearish Bat harmonic pattern — a structure that, despite its name, typically features a bullish rally during the CD leg before reaching the final completion zone.

The pattern originated from Point X near $0.1771, followed by a sharp dip to Point A, a rebound toward Point B, and a deeper correction to Point C around $0.1360. After establishing this low, CRO has shown renewed strength, climbing to around $0.1433, signaling the early stages of a potential CD leg expansion.

Cronos (CRO) To Soar Higher? Key Pattern Formation Hints At Potential Upside Move image 1 Cronos (CRO) 4H Chart/Coinsprobe (Source: Tradingview)

Crucially, the token is now hovering just below the 50-hour moving average (MA) at $0.14733 — a key short-term resistance level. A decisive breakout and candle close above this zone could flip it into support, confirming the bullish continuation phase of the pattern.

What’s Next for CRO?

If bulls sustain momentum above the 50-hour MA, the harmonic structure projects a potential move toward the Potential Reversal Zone (PRZ) between $0.1719 and $0.1771. These levels align with the 0.886 and 1.0 Fibonacci extensions, which have historically acted as completion zones for Bearish Bat patterns — marking where short-term rallies typically peak before any corrective pullback.

However, failure to defend the C-level support at $0.1360 could invalidate the setup and trigger a short-term pullback, possibly extending the consolidation before any renewed bullish push.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Interpretation of the CoinShares 2026 Report: Bidding Farewell to Speculative Narratives and Embracing the First Year of Utility

2026 is expected to be the "year of utility wins," when digital assets will no longer attempt to replace the traditional financial system, but rather enhance and modernize existing systems.

深潮2025/12/11 10:41
Interpretation of the CoinShares 2026 Report: Bidding Farewell to Speculative Narratives and Embracing the First Year of Utility

Crypto Market Plummets as Fed’s Hawkish Stance Stuns Traders

In Brief Crypto market lost 3%, market cap fell to $3.1 trillion. Fed's hawkish rate cut intensified market pressure and volatility. Interest rate rise in Japan further destabilized crypto prices globally.

Cointurk2025/12/11 10:18
Crypto Market Plummets as Fed’s Hawkish Stance Stuns Traders

Fed’s Rate Cut Sparks Dubious Optimism in Crypto World

In Brief The Fed's rate cut briefly lifted crypto market optimism. Investors prefer strategies with limited gain potential, hinting at caution. Weak year-end liquidity and reduced volatility dampen prospects for a strong rally.

Cointurk2025/12/11 10:18
Fed’s Rate Cut Sparks Dubious Optimism in Crypto World
© 2025 Bitget