The post CRO jumps 15% after SEC closes investigation on Crypto.com, is more upside coming? appeared on BitcoinEthereumNews.com.

CRO rallied as high as 17% after the US SEC formally concluded its investigation into Crypto.com. However, most of these gains were quickly erased amid broader market uncertainty. According to crypto.news data, Cronos (CRO) jumped from $0.097 to as high as $0.114 on Mar. 28 before cooling off to around $0.1064 later in the day during Asian trading hours. Its market cap hit $2.94 billion, and daily trading volume spiked by 71%, with about $138 million worth of CRO changing hands. CRO got a boost as the community turned bullish after Crypto.com announced that the United States Securities & Exchange Commission had officially ended its investigation. Today’s gains extend CRO’s upward momentum, fueled further by earlier reports that Trump Media, the parent company of Truth Social, is partnering with Crypto.com to launch three exchange-traded products under the Truth.Fi brand. These catalysts have helped CRO remain in an uptrend. At press time, on-chain data showed an uptick in the number of large-holder wallets over the past 24 hours. A sign of accumulation among high-net-worth investors. Its social sentiment had also turned positive, and its funding rate, which dropped to -0.3006% on March 25, has since improved to around -0.003% today. This is typically a bullish sign as more traders are starting to lean bullish again. CRO price analysis CRO price, Aroon and RSI chart — March 28 | Source: crypto.news On the 1-day/USDT chart, CRO has broken out of a four-month-long descending channel, a move often seen as a bullish reversal signal.  Following this breakout, the price formed a bull pennant, a pattern that typically appears after a strong rally and suggests the uptrend may continue after a brief consolidation. A confirmed breakout from this pennant, especially on strong volume, could suggest the next leg up for CRO. CRO has formed…

---

Filed under: News - @ March 28, 2025 10:28 am