FxWirePro- Major Crypto levels and bias summary 
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FxWirePro- Major Crypto levels and bias summary 
Cronos is the leading Ethereum-compatible layer 1 blockchain network built on the Cosmos SDK, supported by Crypto.com and more than 500 app developers and partners. Cronos is an Ethereum-Virtual Machine (EVM) compatible blockchain powered by Ethermint and built with the Cosmos SDK that supports the Inter-Blockchain Communication (IBC) protocol.
In the past week, Cronos (CRO) has seen a huge 255% increase in transactions by large investors, signaling strong interest from major holders. This rise in whale activity suggests that important price movements may be on the horizon. Cronos is now among the top cryptocurrencies attracting attention, along with Aave and Toncoin.
On November 7, 2024, Cronos Labs announced an expanded partnership with Google Cloud, designating it as the primary cloud provider for the Cronos ecosystem. Google Cloud will become a validator node operator, boosting the security of the Cronos blockchain. The collaboration aims to enhance performance by integrating AI capabilities and increasing developer engagement in AI and blockchain technologies. Cronos Labs will also improve its Accelerator Program to support startups in creating innovative AI-enabled Web3 applications. Additionally, comprehensive blockchain datasets for Cronos EVM and zkEVM chains have been launched on Google Cloud, enabling advanced analytics through BigQuery. To promote innovation, Cronos and Google Cloud plan to host virtual hackathons for developers to gain practical experience with these technologies.
CROUSD surged more than 80% in the past two days. It holds above the short-term (21 and 55 EMA) and above the long-term moving average. It hit a high of $0.2325 and is currently trading around $0.1904.
The bullish invalidation can happen if the pair closes below $0.0700. On the lower side, the near-term support is $0.170. Any break below targets $0.150/$0.10. Any breach below $0.0070 targets $0.0050.
The pair's near-term resistance is around $0.25. Any breach above confirms minor bullishness. A jump to $0.3096/$0.3990 is possible. A surge past $0.50 will take it to $0.69/$0.78.
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It is good to buy on dips around $0.150 with SL around $0.100 for TP of $0.3050/$0.3980.
