Cronos (CRO) has rebounded above the $0.10 mark, reaching a local high of $0.1146, driven by significant buying from large investors. This recovery comes after a week-long decline, with whale investors purchasing 34 million tokens against 29 million sold, resulting in a positive delta of 5 million tokens, according to Coinalyze.
Nansen data indicates that top holders have acquired an average of 211 million tokens, suggesting a shift in market sentiment. CoinGlass reports a net outflow of $274,000 from exchanges, highlighting increased withdrawals and a bullish market outlook. Technical indicators, including the Stochastic Momentum Index and MACD, have entered bullish territory, supporting the potential for continued upward movement.
Cronos (CRO) Surges Above $0.10 as Whale Activity Boosts Market
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