Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnAISquareMore
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.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

Novo Nordisk (NVO.US) unveils $23 billion pipeline blueprint, but the market isn't buying it! Investors ask, "How to turn the tide against adversity?"

After being surpassed by Eli Lilly in the obesity market, Novo Nordisk failed to present a concrete turnaround plan to CEO Mike Doustdal, disappointing investors. The company has pledged to launch more than five blockbuster drugs in the coming years and achieve over $23 billion in new sales, but the press conference lacked details on how to drive growth.

智通财经2026/09/21 09:31
Novo Nordisk (NVO.US) unveils $23 billion pipeline blueprint, but the market isn't buying it! Investors ask, "How to turn the tide against adversity?"

STONK hits new highs after erasing 27% crash

Cryptopolitan2026/09/21 09:30
STONK hits new highs after erasing 27% crash

25 Days, Four Launches in Sight! Rocket Lab (RKLB.US) Accelerates Rocket Launches to Advance Its Ambitious "Space AI Infrastructure" Goals

After another successful mission, Rocket Lab's 97th Electron rocket is now positioned at the launch pad. This flight will be Rocket Lab's fourth launch in 25 days and its 18th launch in 2026.

智通财经2026/09/21 08:41