Crypto.com price will likely drop to $0.1062 before bouncing back.
Whales mount pressure on CRO amid a prolonged selling spree.
The IOMAP on-chain model cites resistance for traders at $0.1250 and $0.1355, respectively.
Crypto.com price is battling high volatility alongside other cryptocurrencies in the market. Following its rejection from massive seller congestion at $0.1562, CRO slowed the fall to around $0.1150. If this buyer congestion zone fails to hold, Crypto.com price may retest June lows roughly at $0.1062 before it aligns itself for another bounce.
Crypto.com price brews another freefall
The pressure on Crypto.com price is mainly attributed to selling activities, particularly from large volume investors. According to the Supply Distribution metric from Santiment, addresses with 1 million to 10 million tokens have dropped to 1,025 from 1,125 over the last six months.
Crypto.com Supply Distribution
This chart also highlights how this investor cohort negatively influences the...
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