Jonathan Morgan Jonathan Morgan
FXStreet price continues to trade near the lows it suffered during last week's sell-off. While the great majority of major cryptocurrencies have made more than 40 to 50% moves from their flash crash lows. On the other hand, CRO may be positioned for another major drop. price is sitting right inside an extremely powerful Volume Profile support level. The $0.16 to $0.20 price range is the second-highest volume node in the 2022 Volume Profile and the second highest in the 2021 Volume Profile.
If support holds, then price would likely have enough of a support base to push towards the first resistance cluster near $0.40. $0.40 contains the 2022 Volume Point of Control, the Ichimoku Cloud, and the 50% Fibonacci retracement level.

CRO/USDT Daily Ichimoku Kinko Hyo Chart
The greatest threat to CRO is a close at or below $0.14. The 2021 Volume Profile has a significant gap between the Volume Point of Control at $0.075 and $0.14. The oscillators don't give a clear direction regarding the likelihood of any break. Oddly, there is a difference in extremes between the Relative Strength Index (at an extreme low) and the Composite Index (at a swing high).
Some fundamental considerations for anticipating CRO's next move is related to the continued frustration with changes to its staking rewards for its cardholders. price has historically shown extreme sensitivity to any changes in staking rewards. 

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AXS price hints at one more drop in price. If the technicals are correct, a target could be reached at $15. Axie Infinity price is currently coiling into what appears to be a triangle consolidation. The triangle could be considered a wave four within the steep declining rally that wiped 40% of profits since May. 
Litecoin price hovers around $72.8, eyeing a quick reversion to the mean. Investors can expect LTC to trigger a 30% ascent if it can mow through the $82.3 hurdle. A decisive daily candlestick close below $64.6 will invalidate the bullish thesis.
MATIC price action has consolidated over the past three days. Further upside movement has been rejected against the Tenkan-Sen within the Ichimoku Kinko Hyo system. However, long and short opportunities now exist.
Algorand price is failing to establish bullish momentum following the severe decline and capitulation event into the lows at $0.36. ALGO could begin heading to complete a b wave triangle.
Bitcoin price shows interesting setups from multiple time frames that hint at a confluence. This convergence occurs for the short-term bullish outlook as well as the macro bearish scenario for BTC. 
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