• CRO price broke a major resistance near the $0.0735 and the 50-day simple moving average.
• The bulls remained active near the $0.0655 support and protected more losses.
• There could be more upsides, with a potential test of $0.1150 on the cards if the bulls remain in action.

CRO Price Surges Above Major Resistance

Cronos’s CRO has surged above the key resistance level of $0.0740 against the US dollar this month, with the bulls remaining active near the $0.0655 support to protect against further losses. This surge has opened up more gains in terms of price and put it on course for a potential test of $0.1150 if momentum remains strong enough for an extended bullish run up ahead.

Bullish Trend Line Broken

The price managed to break through a key bearish trend line with resistance near $0.0720 on its daily chart, which allowed it to move past the 50% Fib retracement level from its downward move from its swing high at $0.0937 to its low at $0.060 as well as open up further opportunities for upside gains in store for Cronos’s CRO price going forward into 2021 and beyond..

Upside Targets

Immediate resistance is expected to come at around the $0