Cronos Price Gains 17% Following Rally

• Cronos price extends its gains by 17% on Tuesday after rallying nearly 18% in the previous day.
• The recent partnership between Trump Media & Technology Group and Crypto.com fueled the rally.
• The upcoming mainnet upgrade on CRO underpinned its price rally.
• The technical outlook and open interest data suggest a rally continuation.

Cronos (CRO), the token for the Crypto.com platform, has extended its gain by 17% and is trading around $0.11 on Tuesday, following a nearly 18% surge the previous day. The main drivers of this rally are the announcement of a partnership between Trump Media and Technology Group and Crypto.com, as well as the upcoming mainnet upgrade for CRO. Additionally, the technical outlook and open interest data indicate a potential continuation of this rally.

Why is Cronos Going Up Today?

On Tuesday, Cronos price surged over 17% during the early Asian session. Two key reasons for this price increase are:

1. Partnership Announcement: President Trump’s Trump Media and Technology Group (TMTG) announced plans to launch cryptocurrency ETFs in partnership with Crypto.com, set for 2025. These ETFs will focus on cryptocurrencies and securities from the US and will include Bitcoin, Cronos, and other “Made in America” tokens.

   > We are excited to announce that Crypto.com will partner with Trump Media for ETFs, including a first-of-its-kind basket of cryptocurrencies, including #CRO and other crypto assets.
   > — Crypto.com (@cryptocom) March 25, 2025

2. Mainnet Upgrade: The upcoming zkEVM v26 mainnet upgrade for Cronos scheduled for Wednesday will introduce Smart Account SSO, enhancing user experience by simplifying logins. This upgrade is pivotal for improving ZK-chains interoperability.

   > ⚡️ Cronos zkEVM v26 Mainnet Upgrade
   > Scheduled for: 26 March 2025 at 07:00AM UTC
   > Expect 1-2 hours of downtime during the upgrade. The upgrade will introduce Smart Account SSO.
   > — Cronos (@cronos_chain) March 24, 2025

Cronos Price Forecast: CRO Bulls Aim for $0.133 Mark

CRO has broken above its descending trendline and cleared the $0.089 resistance level, rallying 17.54% on Monday. As of Tuesday, it continues to trade high at around $0.11.

If CRO maintains its upward momentum and closes above the $0.108 weekly resistance, it could potentially reach its January 31 high at $0.133.

The RSI on the daily chart shows a reading of 71, indicating strong bullish momentum but also caution due to overbought conditions, which may lead to a pullback. Another scenario could be that the RSI remains above 70 and continues to rally.

CRO/USDT daily chart

Cronos’s Open Interest (OI) supports this bullish sentiment; Coinglass’s data reveals an increase in futures’ OI from $21.49 million on Monday to $39.19 million on Tuesday, marking the highest level since January 22. This rise indicates new money entering the market, suggesting a favorable trend for CRO prices.

CRO open interest chart. Source: Coinglass