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The popular altcoin, Cronos (CRO), had been falling for three consecutive months. Despite a significant distance from the legendary $1 target, investors researching altcoin opportunities should consider this cryptocurrency.

Thats why Cronos on-chain data suggest that unrealized losses could be prompting the investors to wait. The Rising Average Coin Age is a significant indicator of this.

Lets discover how Cronos performs in Q1-2023.

The Cronos blockchain has launched an accelerator program backed by $100 million to help crypto projects in their pre-seed and seed stages. Here are their major partnerships:

As investors accept losses and wait for a rise, CRO sales have weakened. Investors are taking an additional 5.6 million tokens, which could increase the price. The price is likely to rise to $0.07, but there is resistance at $0.064. Short-term traders can consider this region as a stop and take a sell target position at $0.07 on closing above it. The bullish outlook can remain in place as long as the $0.059 support is maintained. Otherwise, the price could drop to $0.05.

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The Downtrend of Cronos in the First Quarter of 2023 - Altcoin Buzz