price could double in the next few weeks – FXStreet

Akash Girimath Akash Girimath
FXStreet price is currently at the midway point in completing a bullish setup. Therefore, market participants can expect massive returns for this token even before a breakout!
Also read: AMC stock falls 13% after FXStreet profit call on Wednesday token shows no signs of slowing down as it approaches a significant resistance barrier at $0.53. After bottoming at roughly $0.37, CRO has rallied 27% to where it currently trades – $0.53.
Flipping the said hurdle into a foothold will be key to triggering a massive run-up for price to retest the $0.88 ceiling. Doing so would complete a rounded bottom setup for CRO. This technical formation shows a slow resurgence of buyers that pushes the price back to its peak. If that were the case for price market participants can expect it to gain a total of 88% from its current position.
Depending on the momentum, CRO could extend the run-up and retest the all-time high at $0.97. In some cases, bulls might tag the $1 psychological level and set a new high.
CRO/USDT 1-day chart
CRO/USDT 1-day chart
Regardess of the outlook for price, the altcoin market could udergo a drastic U-turn if Bitcoin flash crashes. Hence, market participants need to pay close attention to the big crypto's directional bias. In case of a sudden shift in narrative, a daily candlestick close below the $0.37 foothold will invalidate the bullish thesis for the price by producing a lower low. This move is likely to skew the odds in bears’ favor and trigger a crash that could push CRO to January 22 swing low at $0.32.

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Bitcoin, Ethereum and other cryptocurrencies are currently just off the highs of March and looking solid on positive news and a breakthrough in the peace talks. But sentiment has shifted following data showing inflation in the eurozone approaching double digits, and this has pulled markets' attention back to the problem of rising price pressures.
Chainlink price is still increasing, although most markets have been put on the back foot a bit in a slight change of sentiment overnight. LINK is on the cusp of a setback.
AAVE is set to continue its uptrend as the protocol expands to six different blockchains in the DeFi ecosystem. AAVE adoption could climb higher with the latest update. 
XRP shows an extremely optimistic setup that forecasts a retest of its all-time high and a double-digit target. On-chain metrics show that whales have been accumulating.
Bitcoin price shows a retest of the upper range of its consolidation after rallying for nearly two weeks. This uptrend will now face multiple hurdles that will decide the outlook for BTC in the near future.
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