Can Kronos (CRO) price continue its explosive growth?

Kronos (CRO) price is up, up 27% in the last 24 hours and over 121% in the last 30 days. This significant rally has sent many indices into overbought territory, indicating strong investor enthusiasm.

However, there are some signs that the current bullish movement may be weakening. This may lead to consolidation time or correction.

CRO RSI shows overbought territory

The recent rise in CRO price pushed the Relative Strength Index (RSI) to 81.77, putting it in overbought territory. This suggests that buying momentum for CROs has been exceptionally strong, possibly due to heightened investor enthusiasm.

Such a high RSI value suggests that the asset may be overextended. That means the risk of a price reversal has increased. When the RSI reaches levels above 70, it indicates that the asset may be overvalued. When this happens, a correction may come as traders begin to take profits.

The Relative Strength Index (RSI) is a popular momentum indicator used to measure the speed and volatility of price movements. RSI values ​​range from 0 to 100, readings above 70 typically indicate an asset is overbought, while values ​​below 30 indicate oversold.

With CRO's RSI of 81.77, CRO indicates that it is experiencing strong buying pressure but may be in for a period of consolidation or recovery soon.

Kronos CMF is still positive.

The Chaikin Cash Flow (CMF) for CRO currently stands at 0.14, a significant decrease from 0.40 on November 6. This decrease shows that the buying pressure has decreased significantly in the last few days.

Although the CMF remains positive, indicating that capital inflows still outweigh outflows, the sharp decline indicates a slowdown in purchasing activity.

Chaikin Money Flow (CMF) is an indicator that measures the volume-weighted average accumulation and distribution over a period of time.

Although the current CMF of 0.14 is in positive territory, a decline from previous highs indicates that buying strength may be losing. This could signal a slowdown in bullish enthusiasm and possibly lead to a period of consolidation or a slight pullback if selling pressures begin to take control.

Kronos Price Prediction: A Correction Before A New Breakout?

The closest significant resistance of the CRO price is at $0.185, and if the current uptrend continues, it may challenge this level soon. Crossing this resistance will push CRO to its highest price since March 2024.

However, reaching this milestone depends on the sustained buying momentum that has been strong in recent sessions.

On the flip side, there are signs that the current momentum is running out of steam. This means the reverse may be at play. If the bullishness subsides and the selling pressure is controlled, CRO price may visit the support zones around $0.15 and $0.136.

These support levels will be key in determining whether the asset can stabilize and recover, or whether a deeper correction is likely to occur.