Why is Cronos Price Going up 0ver 40% Today?

Trump Media Deal Sparks Cronos Price Rally

Cronos (CRO) price increased by more than 40% in a day following a verified deal of 6.4 billion dollars with Trump Media by Crypto.com. The increase in price led to increased interest in CRO, as trading volume and network activity shot up drastically following the news.

Trump Media Deal Sparks Cronos Price Rally

Crypto.com made a partnership with Trump Media that marks one of the biggest media and crypto exchange partnerships. The deal, with an estimated value of $6.4 billion, gave the exchange a greater reach to continue expanding the use and adoption on major platforms.

After the news was released, CRO rose 42 percent in one day from $0.16 to $0.28. Technical indicators showed a bullish engulfing candle in its daily chart, which meant that the momentum is now on the side of bulls. The price also surpassed the $0.18 resistance level, and this implies that it might extend gains to higher levels as long as the continuing demand prevails.

CROUSD 1-Day Chart | Source: CMC

The MACD indicator confirmed a bullish crossover over which is the first since early July. This technical information reinforced the positive sentiment in the market because this aspect indicated that buying pressure in the market might continue to sustain higher prices. The immediate buy support is at around $0.12, which will cushion against a possible sell pressure.

Rising Network Activity and Market Participation

Glassnode metrics showed that the number of active addresses on the Cronos blockchain increased to 3,100, which was its highest trading concentration since December 2024. The increased activity of users reflects the resurgence of interaction with the network in combination with the ensuing price rally.

On-chain data also indicated that Cronos price was trading above the realized value. This move implies that the majority of the holders are now in profit, which decreases near-term selling pressure. The tendency has bolstered the confidence of market participants and prompted them to continue to hold more.

The trading volume rose to around $1 billion, showing increased volume and commitment in the rally. These escalations usually affirm tendencies and indicate the relocation was reinforced by real demand and not simply hypothetical exercising.

Social Metrics Add to Momentum

Santiment data showed an extreme increase in social discipline, rising to 2.40 % during the ascent. This means CRO has gained broader interest amongst digital asset communities following the crypto news.

The higher social exposure has also been associated with retail interest and in this case there has been a burst of capital inflows. Nevertheless, analysts warn that short-term volatility may arise in cases of a rapid increase in social activity, when speculative traders react to it in both directions, entering or exiting.

Nonetheless, this risk is supported by the rise in social interest and high trading volumes, which means that there is a high degree of engagement with the token. Should both of them stay high, Cronos price can continue its bullish trend in the short-term.

Technical Outlook and Price Targets

On 4-hour chart, CRO moved above a symmetrical triangle trendline. This arrangement is generally interpreted as a bullish continuation pattern and is indicative that accumulation is taking place.

The Chaikin Money Flow (CMF) indicator was 0.32 and indicated increased amount of capital inflows into CRO. Buyers retain control and the upside pressure is expected to persist. In the event a momentum carries on, the analysts project the next level of resistance at about $0.33.

Nevertheless, should the demand stagnate and the market activity level decline, CRO will fall below the inferior line in the triangle. In this case, the token would trade at levels of about $0.14 again.