- Crypto.com price has fallen 20% since August 20.
- On-Chain metrics show a consistent reduction of CRO tokens on exchanges.
- The safest way to confirm an uptrend is a breach of $0.15 with an influx of volume.
Crypto.com price shows mixed signals going into the end of August. The technicals suggest bears are in control, but On-Chain metrics hint that the final bottom may be near.
CRO price could be near a bottom
Crypto.com price may be a token worth adding to your watch list as the digital exchange shows an interesting set of information. The technicals show a slight uptick in volume amidst the 35% rally this summer. On August 20, the entire crypto market witnessed a sharp sell-off. CRO price lost 20% of its market value; however, the volume shows a very sparse amount of transactions. This could indicate that smart money is holding the digital currency despite the sell-off.
Crypto.com price currently auctions at $0.13. On-chain analysis tools confound the idea that CRO price may soon find a floor. Santiment’s daily active addresses have declined since the all-time highs occurred in December of 2021 at $0.59. Additionally, the Supply on Exchanges indicator shows a tapering effect as well. Currently, 1.85 billion tokens are on all exchanges, which is 8 billion less than when CRO traded less than a penny in 2020.
Santiment’s Supply on Echanges, Price, & Daily Active Addresses
When combined, CRO price could fool day traders in the coming days. Still, investors should consider a reactionary approach when dealing with the CRO price. The safest confirmation of gains will be a breach of $0.15. If the bulls can hurdle this barrier, they could induce a rally towards $0.26 in the short term, resulting in a near 100% increase from the current Crypto.com price.
In the following video, our analysts deep-dive into Bitcoin's price action, analyzing key levels of interest in the market - FXStreet Team
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
Recommended Content
Editors’ Picks

Ripple Price Prediction: Whale accumulation sparks hope as rising exchange reserves signal caution
XRP sustains mid-week recovery as XRP/BTC flashes golden cross for the first time since 2017. Large volume holders increase XRP exposure, indicating rising demand and investor confidence.

Pi Network Price Forecast: PI eyes $0.66 as whale activity surges
Pi Network (PI) declines by nearly 4% on Friday, trading at $0.79 at press time. The technical outlook suggests a downward move ahead as the short-term recovery concludes with a trendline breakdown.

Bitcoin Weekly Forecast: BTC enters full price-discovery mode after seven straight weeks of gains
Bitcoin price stabilizes around $111,000 on Friday after reaching a new all-time high of $111,900 this week. Corporate accumulation, institutional demand, signs of easing regulations and fiscal woes in the US have fueled BTC’s rally.

Jupiter Price Forecast: JUP eyes $0.82 as Fluid backs Jupiter's upcoming lending protocol
Jupiter exchanges announced the upcoming launch of Jupiter Lend, powered by Fluid, on Solana this summer. With the announcement of Jupiter Lend, the JUP token surged 16% in the last 24 hours.

Bitcoin: BTC stabilizes near $103,000 amid trade optimism, rising institutional demand
Bitcoin (BTC) price stabilizes at around $103,000 when writing on Friday, after facing multiple rejections at the key $105,000 resistance level throughout the week.