Why Crypto.com price is suddenly so bullish
— Author makes, 14 barrier, Views, Market conditions, Timely nature, Risks, Otherwise explicitly mentioned, Business relationship, 12 barrier, Sma — 1 min read
Crypto.com price currently trades at $0.1231. An 8- and 21-day simple moving average (SMA) currently compresses just below the current price action, which is a confounding signal for an imminent bull run. A bullish engulfing candle has recently breached through the $0.11 barrier, long subdued by a descending parallel channel. The parallel channel from November 2020 has played a significant role in previous trend changes for the notorious Ethereum-based exchange token. A FOMO rally could ensue towards $00.17 If the bulls can produce enough volume, consider the uptrend scenario. The bears could produce a decline targeting $0 0.09, resulting in a 25% decrease from the current. Source