Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ALTCOIN NEWS»CRO Price Prediction: Bearish pressure will mount as whales begin unloading.
ALTCOIN NEWS

CRO Price Prediction: Bearish pressure will mount as whales begin unloading.

By Crypto FlexsNovember 29, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
CRO Price Prediction: Bearish pressure will mount as whales begin unloading.
Share
Facebook Twitter LinkedIn Pinterest Email
  • Large holders, or “whales,” who own significant portions of CROs have begun selling their holdings.
  • Meanwhile, derivatives traders are increasingly betting on the downside, signaling expectations of a continued downtrend.

After a month-long rally that saw Cronos (CRO) post an impressive surge of 137.39%, momentum now appears to be reversing. The asset recently recorded a weekly loss of 4.78%, indicating a potential trend change.

However, in the last 24 hours, AMBCrypto reported that derivatives traders contributed to a 3.03% price recovery. Despite this brief rise, continued whale activity continues to raise doubts about CRO’s near-term prospects, putting smaller investors at risk of loss.

The downside is outpacing the uptrend and indicates a potential downside for CRO.

As of this writing, data from IntoTheBlock shows a bearish trend in the CRO market, hinting at potential downward pressure on prices.

Over the past seven days, there have been 144 bulls and 115 bears, a marginal difference that suggests minimal downside risk. But broader market dynamics raise additional concerns.

Source: IntoTheBlock

AMBCrypto highlights the severe imbalance in asset ownership as whales dominate the market. This imbalanced control amplifies volatility and leaves small holders vulnerable to sudden price fluctuations.

Whales dominate CRO, increasing downside risks.

Further analysis revealed that three active whale addresses control over 93% of CRO’s circulating supply. As of press time, these whales account for 93.13% of the total supply, with distributions of 1.84%, 5.03%, and a whopping 86.24%.

Their high activity is evidenced by more than 300 transactions performed within a given period, a factor that poses a serious risk to the price stability of CRO.

Source: IntoTheBlock

CRO also saw a surge in trading volume, with 73.16 million CRO traded in the last 24 hours.

This uptrend, combined with the presence of whales and signs of market weakness, suggests that CRO may be losing some recent gains and facing a potential downside.

Why is CRO popping up?

CRO’s recent rise has been largely driven by derivatives traders betting on upward movements in the asset and the price reacting.

The long-short ratio of 1.0912 confirms the bullish advantage, with more long positions leading to higher prices.

However, if whale activity intensifies, CROs can reverse course and nullify the bullish momentum created by derivatives traders.

Next: Is PEPE Coin Ready to Break ATH? Major changes that could block your path

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Strape has an initial conversation with the bank about using Stablecoin.

May 31, 2025

Solana’s strategic moment: Can Sol copy the institutional interests of BTC?

May 31, 2025

ETH, SOL ‘very rare’ Staying ETF may start temporarily -analysts

May 31, 2025
Add A Comment

Comments are closed.

Recent Posts

XY Miners starts mining free Bitcoin, explores the charm of cloud mining, earning $ 3,000 a day.

May 31, 2025

Strape has an initial conversation with the bank about using Stablecoin.

May 31, 2025

NVIDIA’s AI factory platform: Industrial efficiency revolution

May 31, 2025

Can I earn $ 99,999 on my phone? Discover 5 of the most profitable cloud mining apps in 2025!

May 31, 2025

BLACKROCK’s Bitcoin ETF is $ 430 million, the maximum one -day leak

May 31, 2025

Hong Kong mortgage applications were DIP, HKMA report in April 2025

May 31, 2025

Bitcoin difficulty set another jump. How high is it this time?

May 31, 2025

Hong Kong Monetary Report Rising in April 2025

May 31, 2025

The macroeconomic problem stimulates investment in SPOT BITCOIN ETF.

May 31, 2025

Solana’s strategic moment: Can Sol copy the institutional interests of BTC?

May 31, 2025

Trump’s memes, which were questioned by the Supreme Democratic Party at the House Judicial Committee,

May 31, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

XY Miners starts mining free Bitcoin, explores the charm of cloud mining, earning $ 3,000 a day.

May 31, 2025

Strape has an initial conversation with the bank about using Stablecoin.

May 31, 2025

NVIDIA’s AI factory platform: Industrial efficiency revolution

May 31, 2025
Most Popular

Will we smash another ATH?

January 22, 2025

Crypto Analyst Says Clear Bearish Structures Are Flashing For SUI, NEAR And 1 Additional Altcoin

August 6, 2024

A top analyst has his eyes on new cryptocurrencies, suggesting the reign of Binance Coin and Dogecoin may be coming to an end.

May 9, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.