$CRO Aims to Reclaim Bull Market Support Band with Help from Ult Trading App

Cronos is testing its weekly Bull Market Support Band for the first time since the broader downtrend began roughly a year ago. The price of $CRO has been trading near $0.05816, up 3.21% today, pushing against the upper edge of a symmetrical triangle that’s formed since early September.

The 20-day at $0.05702 and 50-day at $0.05623 sit just below price, while the 200-day at $0.06663 stays well above as the bigger hurdle still standing in the way. Bull Bear Power backs this up, cooling to just 0.00048 from a spike above 0.02 earlier this month.

The Ult trading app, launched by Cronos on September 17, could be the catalyst for $CRO reclaiming its Bull Market Support Band between $0.0595 and $0.0616. If it succeeds, sustained attention from the Ult launch and the $CRO buyback and burn commitment could carry price toward the 200-day EMA at $0.0666 by month end.