CRO, the native coin of the Cronos Chain, is the top-performing crypto asset in today’s market, surging by 17% amid renewed bullish momentum.
The rally comes amid a broader uptick in trader sentiment and renewed investor enthusiasm following news that Donald Trump’s Media & Technology Group has filed for a new exchange-traded fund (ETF) featuring BTC, ETH, SOL, XRP, and CRO.
Trump Media’s Crypto ETF Gives CRO a Seat at the Big Table
On Tuesday, Trump Media & Technology Group filed for a new ETF called the “Truth Social Crypto Blue Chip ETF,” which will hold a portfolio of five cryptocurrencies: BTC, ETH, SOL, XRP, and CRO.
According to the SEC filing, 85% of the fund’s allocation would go to BTC and ETH, with SOL receiving 8%, CRO 5%, and XRP 2%.
Including CRO in this high-profile fund marks a potential turning point for the asset. The ETF will enhance its legitimacy and draw increased attention from retail and institutional players, pushing its value up as time passes.
ETF News Triggers First Spot Inflow in One Week
Excitement surrounding the ETF announcement has sparked renewed interest in CRO, driving up demand over the past 24 hours. According to data from Coinglass, CRO has just recorded its first daily net inflow into the spot market since July 3.
This marks a shift in momentum, signaling that the token’s double-digit price surge is fueled by actual buy-side pressure rather than speculative swings.
When an asset sees a spike in spot net inflow, more capital enters the market to purchase its tokens/coins than exits it through sales. For CRO, the return to positive spot net inflows suggests that investors are actively accumulating the token in response to its inclusion in the proposed ETF. This reinforces the upward momentum and hints at the potential for a sustained rally.
Moreover, CRO’s Relative Strength Index (RSI) suggests that buying pressure is far from exhausted. As of this writing, this key momentum indicator, which measures an asset’s overbought and oversold market conditions, is at 58.99.
The RSI indicator ranges between 0 and 100. Values above 70 suggest that the asset is overbought and due for a price decline, while values under 30 indicate that the asset is oversold and may witness a rebound.
CRO RSI readings indicate market participants prefer accumulation over distribution. If this trend continues, its price could continue to rise.
CRO Eyes $0.116 as Price Breaks Above 20-Day EMA
Readings from the CRO/USD one-day chart show the altcoin trading above its 20-day exponential moving average (EMA), indicating the bullish strength in the market.
An asset’s 20-day EMA tracks its average price over the past 20 trading days. When its price climbs above this level, it indicates a shift towards a bullish trend. It suggests that the short-term price momentum is turning positive, with recent prices trading higher than the average price over the past 20 days.
If the bullish trend holds, CRO could attempt to break above $0.0104. If successful, its price could extend its gains toward $0.116.
However, if selling activity resumes, CRO could lose some of its recent gains and plunge to $0.085.
The post CRO Among ‘Crypto Blue Chips’ in Trump Media’s ETF — Price Jumps 17% appeared first on BeInCrypto.
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Abiodun Oladokun
https://beincrypto.com/cro-price-climbs-etf-inclusion/
2025-07-09 08:00:00
