Cronos Surges 23% Weekly as ETF Inclusion Boosts Momentum

Cronos (CRO), the native token of Crypto.com, has recently surged above the $0.1 mark, holding gains within a rising channel with the next key resistance near $0.18. This breakout has drawn fresh interest from traders and institutions, driven by significant developments in the market.

The token's price has moved above the $0.0986 level, which had acted as resistance for several months. At press time, CRO was trading at $0.12, reflecting a 10% increase over the past 24 hours and a 23% gain over the last week. The recent high of $0.133 indicates strong momentum, though a pullback to the $0.0986–$0.1060 zone may occur before the price moves higher. This area now serves as support and could be retested to confirm the bullish structure.

Technical indicators support the continued upward trend. The MACD shows a crossover with the main line above the signal line and a positive histogram, indicating that momentum remains with buyers. The RSI stands at 81, which is above the typical overbought level, suggesting a short pause or minor drop may occur. The Supertrend indicator has also turned green, aligning with the breakout and providing support near the $0.1 mark. These indicators collectively show a strong trend, though a cooling period is possible before the next move.

One of the key drivers behind CRO's recent surge is the news that it could be included in a new exchange-traded fund (ETF). The proposed ETF, backed by Trump Media & Technology Group, would track five assets: Bitcoin, Ethereum, Solana, XRP, and Cronos. If approved, CRO would hold a 5% share, potentially increasing its visibility and accessibility to a broader range of investors. Additionally, the US SEC closed its review of Crypto.com earlier this year without action, removing legal pressure and supporting investor confidence. In May, 21Shares listed a Cronos ETP on Euronext Paris and Amsterdam, further expanding access in Europe.

These developments have contributed to a bullish sentiment surrounding CRO, with investors and analysts closely monitoring its performance. The cryptocurrency's recent gains have been driven by real flows, indicating genuine investment rather than speculative trading. As CRO continues to gain momentum, the $0.18 target remains a significant milestone, representing a substantial increase from its current levels. However, investors should remain cautious, as the cryptocurrency market is highly volatile and subject to rapid changes.