Cronos (CRO) Price Prediction: Included in Trump Media Blue Chip ETF, big pump of nearly 20% challenging key resistance

Today (9) in the Asian early trading session, Cronos (CRO) rose to $0.09514, with an increase approaching 20%. After the Trump Media Technology Group (DJT) submitted an application to the U.S. Securities and Exchange Commission (SEC) to launch a blue-chip stocks exchange-traded fund (ETF), the ETF aims to hold Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Ripple (XRP) together.

Trump Media Group submitted an S-1 registration statement to the SEC on Tuesday, seeking to launch a Blue-Chip ETF that aims to hold five digital assets, including Bitcoin, Ethereum, Solana, CRO, and XRP. The fund plans to allocate 70% of its assets to Bitcoin, 15% to Ethereum, 8% to Solana, 5% to CRO, and 2% to XRP.

Yorkville America Digital will serve as the sponsor of the ETF, while Foris DAX Trust Company will act as the custodian for the various cryptocurrencies held under its plan.

CRO Price Analysis: Challenging the 0.100 USD Resistance

FXStreet analyst Michael Ebiekutan stated that after the surge of CRO, it faced resistance near the psychological barrier of $0.100, while being supported by the 200-day Simple Moving Average (SMA). If it breaks through $0.100, it may challenge the resistance level of $0.110.

If the bulls encounter a disadvantage, CRO may find support between $0.089 and $0.094.

The Relative Strength Index (RSI) and Stochastic Oscillator (Stoch) are both above neutral levels, indicating that bullish momentum is dominant.

(Source: Trading View)