Date: Tue, March 25, 2025 | 05:05 AM GMT
The cryptocurrency market is showing strong signs of a rebound, as Bitcoin (BTC) and Ethereum (ETH) have jumped by 4% and 7%, respectively, over the last seven days. This surge has provided much-needed relief to altcoins, many of which have suffered sharp corrections over the past 90 days.
Among the top-performing altcoins, Cronos (CRO) has gained significant traction with an impressive 38% surge, following a major announcement from Trump’s Truth Social. This move has helped CRO narrow its 90-day correction to 33%, signaling renewed investor interest.
Trump’s Truth Social Partners with Crypto.com
Cronos (CRO) has experienced a surge in prominence following the announcement of an exclusive partnership with Truth Social, the social media platform backed by U.S. President Donald Trump.
This collaboration, confirmed by Crypto.com CEO Kris Marszalek, designates Crypto.com as the sole partner for the launch of three exchange-traded funds (ETFs)—one of which will feature a basket including CRO. The partnership aims to leverage Truth Social’s vast influence to promote cryptocurrency adoption, aligning with Trump’s vision of integrating digital assets into the U.S. financial landscape.
Details of the agreement reveal that Crypto.com will provide technical infrastructure and marketing support for these ETFs, while Truth Social will offer exclusive promotional access to its millions of users.
Historical Pattern Hints at a Big Rally
A look at CRO’s historical price action suggests a promising setup for further upside. The weekly chart displays a recurring accumulation pattern, marked by a series of higher lows and resistance tests. Each previous instance of CRO bouncing from this accumulation zone has resulted in a significant rally, with price gains ranging from 125% to 185%.
Currently, CRO has once again tested this accumulation zone and has successfully crossed its 50-day moving average (50 MA) resistance, a critical level that has historically signaled strong upside movements. With this breakout, CRO has entered bullish territory, and if it follows the same historical pattern, a rally toward the ascending resistance trendline between $0.25 and $0.30 is highly possible.
Final Thoughts
With Bitcoin’s ongoing rally and the high-profile Truth Social partnership generating excitement, Cronos appears well-positioned for a sustained uptrend. However, maintaining this bullish momentum will depend on overall market trends and investor sentiment.
If CRO continues to hold above the 50-day moving average and gains traction, further upside movement toward key resistance levels is likely. However, a retest of this level as support could occur before a larger breakout.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Always conduct your own research before making investment decisions.