Cronos Price Surge 30% After Trump Media Crypto.com Partnership

Cronos Price Prediction: Trump Media Deal Lifts CRO 30%, What’s Next?

The token called Cronos (CRO) is currently on an amazing bull run, it recently gained over 30% in the last 24 hours and continued its gains. This dramatic rally has led traders to ponder the future of the asset and this has been helped out largely by some pretty big announcements and even technical improvements. In this article, we’ll explore why Cronos is rising and what investors can expect in the coming days.

Why Is Cronos (CRO) Up Today?

Two things can explain an amazing price hike: a very high-profile partnership and an exciting upgrade coming soon.

1. Partnership with Trump Media and Technology Group

The first major trigger for CRO’s rally is a strategic partnership announced yesterday between Crypto.com and Trump Media and Technology Group. On Monday, TMTG announced that it plans to launch several cryptocurrency Exchange-Traded Funds (ETFs) in 2025 in conjunction with Crypto.com.

These ETFs will focus on cryptocurrencies and securities from the US (and Crypto.com will be the official supplier of tokens). CRO and other "Made in America" cryptocurrencies such as Bitcoin and XRP have lifted the market so much that there’s been a lot of demand for Cronos.

2. Upcoming zkEVM v26 Mainnet Upgrade

The second major reason why the price of Cronos coin has risen is due to an upcoming mainnet upgrade. Confirmed for Wednesday, the mainnet upgrade zkEVM v26 will deliver major upgrades to the Cronos blockchain. The most significant of all these upgrades is that Smart Account SSO is introduced. With Smart Account SSO, users can securely log in to their account with Google, Apple ID, or email without having to enter a seed phrase or the key’s private address.

This simplifies the user experience and makes it accessible to a wider audience. Also, the upgrade set the stage for the ZK Gateway to enable fast interoperability between different segments of the ZK Network, thus enhancing the utility and functionality of the Cronos network.

Cronos Crypto Price Prediction: How High Can CRO Go?

Cronos has a lot of reasons to be bullish right now, many of them are technical. On March 6, the altcoin broke out of a downward trendline and that could be the beginning of another uptrend. Since then, the asset has faced some resistance at $0.089 on the chart, but it closed above that level on Monday and later had a big rally. As of Tuesday, Cronos is currently trading around $0.1050, which is another 30% up from where it was before.

Source: TradingView

Key Resistance Levels to Watch

For CRO to continue its upward move it needs to break and hold above the key resistance level of $0.1200; if it continues above this level we may see another attempt to retest its December 24 high of $0.2350.

Bullish Indicators: RSI and Open Interest

Relative Strength Index (RSI) on the daily chart is currently at 68 and we are very close to the overbought point of 70. Shows very strong bullish momentum for the asset but traders should not be panicky as the asset might be about to undergo a short-term correction if the RSI goes beyond the overbought point.

As well as the OI numbers pointing to more growth, there are also Open Interest (OI) figures that confirm this bullish outlook. According to Coinglass, CRO’s futures OI went from $21.49 million on Monday to $41.28 million on Tuesday which is the highest OI level since February 22, at $41.28 million – which is what’s leading to more price growth.

Also, the a substantial liquidation of $974.40 million in the Long Positions for $231.38M and in the Short Positions for $743.02M. That is a significant difference in values to tell us the short traders had real losses during the period. The short positions in the market tell us that the bear traders are having real losses so that makes the CRO even more attractive.

What’s Next for Cronos (CRO)?

With that said altcoin is priced well and has a very strong chance of overtaking the $0.1200 level if things continue to strengthen in the partnership with TMTG and if the upgrade to zkEVM v26 sells properly. CRO bulls are pricing in the $0.1200 area and if this trend continues, the next significant resistance could come in the $0.2350 area set for December.

Potential Risks

Regardless of the bullish tone, there are some risks to bear in mind. The cryptocurrency market continues to be volatile and any negative news or overall market decline could hurt CRO price. There can also be signs of overbought conditions (as per the RSI) that could lead to a more short-term correction.