Cronos’ 11% drop: Just a short-term correction, or is something bigger coming?

Key Points

1. Cronos (CRO) dropped over 11% in 24 hours, coinciding with increased sending activity, possibly indicating profit-taking.

2. Despite the drop, large wallets (whales) continue accumulating CRO, particularly around the $0.081 support level.

3. The cumulative volume delta (CVD) still favors buyers, suggesting underlying demand remains strong.

4. A price gap near $0.0863 from the recent rally could serve as a base for the next upward move if demand holds.

5. The key question is whether CRO can stabilize above $0.085–$0.086 and push toward recent highs, or if short-term selling pressure will prolong the dip.