CRO Skyrockets 25% Overnight – Shocking ETF News Stuns the Crypto Market!

Jakarta, Pintu News – Cronos (CRO), the native token of the Cronos blockchain and Crypto.org, has had a rough time in the current market cycle, but yesterday gained huge momentum by jumping more than 20%.

The spike came as a result of unexpected news. Truth Social applied for a Blue Chip Crypto ETF, and surprisingly, the proposal included a 5% allocation for CROs.

The inclusion raises a question mark, especially since the other assets in the filing are much more established. However, this move most likely has to do with Crypto.com’s rumored ties to Trump Media.

Interestingly, CRO outperformed all other cryptos listed in the ETF proposal. Let’s take a look at the chart and explore what might be driving this big move.

CRO Crypto Price Analysis

As seen on the weekly chart, the crypto CRO continues to trade within a long-term range between $0.08 to $0.11.

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Although this range was occasionally broken to the upside, not a single rally was able to last; every time that happened, the crypto CRO always fell back below the resistance level.

Since March, the token has repeatedly bounced between support and resistance levels, without being able to create a convincing breakout in either direction.

The momentum indicators show a similar picture of uncertainty. The Relative Strength Index(RSI) hovers around the 50 mark, signaling neither a dominant bullish nor bearish impulse.

Meanwhile, the Moving Average Convergence/Divergence(MACD) is still in negative territory, although it has started to move up, signaling a potential shift in direction-though there is no clear confirmation yet.

Despite this week’s sharp surge, the long-term trend is still uncertain. With neutral signals dominating the charts, the direction of the crypto CRO in the long term remains uncertain.

The Ongoing Crypto CRO Recovery

CRO crypto recorded a sharp surge of 24% yesterday (8/7), far outpacing major tokens such as BTC, ETH, SOL, and XRP which only recorded moderate gains of between 0.3% to 2.7%.

This shows clear relative strength, although some of that momentum may come from the CRO’s smaller market capitalization, making it more susceptible to news-triggered spikes.

Despite the sharp rise, the crypto CRO is still stuck in a symmetrical triangle pattern that has been forming since March.

Currently, the token is trading near the upper boundary of the pattern, but has yet to confirm a breakout.

Technically, the daily chart shows a slight bullish trend. Both RSI and MACD showed bullish divergence, which signaled an increasing upward pressure.

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If CRO manages to break the resistance limit of the triangle pattern, the next target is the $0.11 zone-which has been the upper limit of price movement for months.

If it manages to break out of this limit, it could signal a more significant trend change.

Mixed Signal for CRO

Overall, Cronos prices surged yesterday after positive news emerged regarding its allocation in an ETF.

Although the long-term chart shows a neutral signal, the short-term chart indicates that a rally may be imminent. A breakout from the symmetrical triangle pattern would be a confirmation of the start of the upward movement.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• CCN. Cronos (CRO) Price Surges 25% On Sudden ETF Momentum. Accessed on July 9, 2025