Date: Thu, Aug 14, 2025 | 05:50 AM GMT
The cryptocurrency market is in full bullish swing as Bitcoin (BTC) hits a new all-time high of $124,000 today, while Ethereum (ETH) broke above the $4,700 mark for the first time since 2021, surging over 28% in weekly gains. This wave of bullishness has lifted sentiment across major altcoins, including Cronos (CRO).
CRO has posted an impressive 15% gain over the past week, and notably, its latest price structure is revealing a key harmonic setup that signals potential upside in the near term.
Harmonic Pattern Hints at Potential Bounce
On the daily chart, CRO is developing a Bearish ABCD harmonic pattern — a formation that, despite its name, often experiences a strong bullish CD-leg before hitting the final Potential Reversal Zone (PRZ).
The rally began with a move from Point A near $0.07989 to Point B, followed by a retracement to Point C around $0.12200, where buying pressure reemerged. Since then, CRO has climbed to roughly $0.1669, indicating that the CD leg is actively in progress.
If the pattern follows the traditional ABCD projection, the CD leg could extend toward the 2.51 Fibonacci projection of the BC leg, placing the PRZ near $0.1919 — about 15% above current prices.
What’s Next for CRO?
If bullish momentum persists, CRO could test the $0.1919 level. However, this zone is expected to act as a strong resistance area, potentially triggering profit-taking or short-term pullbacks. Before the target is reached, traders should also remain cautious about possible retracements toward lower support zones.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always perform your own research before investing in cryptocurrencies.
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