CRO price had a 728% increase since the low of March, and 500% YTD returns. The crypto card pioneer is finally slowing down and could be at risk of a multiple-month correction. Crypto.com had one of the best years in the cryptocurrency industry, establishing itself as a top 10 coin by market capitalization and outperforming the rest. CRO price peaked at $0.191 in August, its all-time high, and it’s currently trading at $0.169 after a brief correction period. The marketing behind Crypto.com’s digital asset has been immensely efficient. After several positive announcements and promotions, the value of CRO exploded, but not everyone is convinced. Vishal Shah, the founder of Alpha5, stated: In effect, it’s throwing the kitchen sink in to try and drive a higher value for the token. According to the most recent statistics provided by CoinMetrics, Crypto.com’s team addresses were the most active in the past year. It is worth noting though that the largest team address activity during Q2 was the credit of $67M CRO to Crypto.com Coin team addresses, without which the net value of cryptoassets that moved outside of Company Team controlled addresses would have been $76.5M. CRO Inflation Chart This means that CRO founding members have been selling their tokens as prices surged, creating a significant boost in the token’s inflation levels. Crypto.com had the highest Free Float Annual Inflation rate in the past 12 months. CRO/USD Monthly chart The monthly chart has been favoring the bulls for the past few months, however, the TD sequential indicator has just presented a strong sell signal. IOMAP chart for CRO According to the IOMAP chart, there is a massive resistance level right around $0.17 but not a lot of resistance higher up. There is a small support point at $0.166 and then a stronger one at $0.162. The CRO price already slipped below both levels and touched $0.142, which is now the lowest support level. Despite the intense selling pressure, the number of holders with at least 1,000,000 tokens has increased from a low of 43 on August 21 to 55 currently. Similarly, the number of whales with at least 10,000,000 tokens risen from 82 to 86. This metric would seem to indicate that whales are still accumulating despite the risk of a substantial correction. CRO holders Similarly, the number of new addresses continues increasing. There was a massive spike of 987 new addresses on September 11, and while this number has gone down now, the overall trend is still clearly upwards. CRO/USD Daily chart On the daily chart, bears managed to push the price below several support levels down to $0.1441. However, the bounce from the 100-MA was strong enough to boost CRO above the 50-MA. The nearest resistance level is $0.169, as indicated by the IOMAP chart; however, if the bulls can crack this level, CRO can quickly jump towards $0.1835 and eye up its all-time high again. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Australian Employment Preview: Aussie’s long-term bullish trend to approach 0.75 on upbeat report FX Street 2 years CRO price had a 728% increase since the low of March, and 500% YTD returns. The crypto card pioneer is finally slowing down and could be at risk of a multiple-month correction. Crypto.com had one of the best years in the cryptocurrency industry, establishing itself as a top 10 coin by market capitalization and outperforming the rest. CRO price peaked at $0.191 in August, its all-time high, and it's currently trading at $0.169 after a brief correction period. The marketing behind Crypto.com's digital asset has been immensely efficient. After several positive announcements and promotions, the value of CRO exploded, but… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.