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Cronos Token Price Plunges 9.56% Amid Partnership Termination and ETF Withdrawal

Guavy AI Editorial Team
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CRO
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The Cronos token price plummeted by 9.56% after Crypto.com and Trump Media & Technology Group mutually terminated plans to form a publicly traded treasury company dedicated to acquiring large amounts of CRO tokens.

This move, combined with the withdrawal of support for planned ETFs and partnership initiatives, has led to sustained technical weakness in the market.

The CRO/USD price is currently trading weakly below major moving averages, indicating sellers remain in control across all timeframes. The nearest resistance lies at $0.04892, while the immediate floor is at $0.04525.

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