- Analyst predicts a significant rally for Cronos (CRO) based on price pattern analysis.
- Cronos’s price movement shows a recurring pattern similar to previous bull markets, with two bullish peaks or one large wave with two peaks.
- Before the late 2021 bull run, Cronos saw a similar bullish phase and then a major bull run leading to an ATH, followed by a correction and accumulation phase.
- Analysts forecast Cronos could reach $2.50 by 2025, representing a 2,760% growth from the current price.
Crypto analyst Alan Santana has shared an intriguing forecast for Cronos. He suggested that CRO was on the cusp of a major rally. The analysis by Santana has filtered out a pattern in the price movements of Cronos that matched trends observed before any of the previous bull markets.
Santana’s detailed study identifies a recurring pattern in Cronos’s price trajectory. He holds the view that before the late 2021 bull run, CRO experienced a substantial bullish phase marked by two distinct peaks or one large wave with two peaks.
This was followed by a major bull run to a new all-time high. After this peak, the cryptocurrency faced a year-long correction, followed by an accumulation phase that set a higher low compared to its March 2020 low.
The current market conditions of Cronos are showing a similar pattern. According to Santana, it creates two consecutive bullish waves or one large wave with two peaks, fitting the setup that was seen prior to the previous bull markets. As 2025 is expected to be another big year for bull markets, this pattern could be foreshadowing a major coming uptrend for CRO
Cronos (CRO) Could Hit $2.50 by 2025
Santana points to the four-year cycle that has traditionally affected cryptocurrency markets, taking a cue from Bitcoin. The major milestones that Bitcoin has hit were its inception in 2009, the $1,242 it reached back in 2013, and then peaking at $19,804 and finally hitting $68,997 in 2021.
Extrapolating from this cycle would mean Bitcoin should reach another high around late 2025 and bring it close to $200,000. This same cyclical trend extends into the further cryptocurrency market, of which CRO is a part.
Looking forward, Santana predicts that CRO could hit a new ATH of $2.50 by 2025. Such an increase would represent a massive 2,760% rise, or 29X the current price. While pessimistically this is not the absolute bottom before the bull market, there is still a great chance for high gains.
Given the mainstream adoption of cryptocurrencies, evolving market conditions, and ongoing inflation hitting fiat currencies, Santana’s projections lean towards the higher end of this growth spectrum. He emphasizes that even a more conservative 10X or 5X return would be remarkable.
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