Cronos (CRO) Poised for Bullish Breakout Amid stablecoin Growth
The Cronos (CRO) token has surged 11.6% to reach $0.28, fueling hopes for a robust bullish rally. One pivotal factor behind this spike is the burgeoning stablecoin presence on its network.
The alliance between Trump Media and crypto.com has propelled the token further.They plan to gather over $6 billion in CRO tokens. Additionally, the token will join Trump MediaS select ETF.
DeFi Llama statistics reveal a record high of $192 million in stablecoins on Cronos, a critically important leap from this year’s low of $18 million. Much of this升华 أحد USD Coin (USDC), with its supply soaring by 16% in one month.
- Stablecoin inflow signals network expansion.
- The U.S.’s GENIUS bill adds to the optimism.
- Major players have been increasing their CRO holdings substantially.
On the technical front, CRO achieved a milestone by surpassing $0.2328. it’s now trading comfortably above the vital moving averages, indicating a healthy upward trend.
A hammer candle formation suggests a bullish reversal. If this momentum continues,testers aim for an overshoot around $0.3174, a 15% climb. Market observers anticipate a fruitful journey ahead for CRO.
