Cryptocurrencies usually rally after they are listed on the Coinbase exchange, and CRO has become the latest coin to reach a new all-time high.
CRO Now Available on Coinbase
CRO, the native token of the Crypto.com exchange, has been listed on Coinbase, one of the leading cryptocurrency exchanges in the world. The coin rallied to a new all-time high after it was listed on the Coinbase exchange.
In an announcement, Coinbase said Crypto.com Protocol (CRO) and SUKU (SUKU) are available on Coinbase.com and in the Coinbase Android and iOS apps. At the moment, Coinbase only supports ERC-20 CRO running on the Ethereum blockchain.
The announcement sent CRO rallying by more than 21% over the past 24 hours to reach a new all-time high at $0.32 per coin. According to the data obtained from Coingecko, more than 20% of the trading volume came from Coinbase, indicating that traders and investors are moving some of their CRO coins to the Coinbase exchange.
CRO’s rally is exceptional because some crypto trading platforms don’t list the native coins of their competitors. Crypto.com is also one of the leading cryptocurrency exchanges in the world and a direct competitor to Coinbase in the United States and other parts of the world.
CRO Could Target the $0.40 Level Soon
The latest rally has placed CRO in a perfect position to rally towards the $0.40 level. CRO’s rally comes at a time when the broader cryptocurrency market is also performing excellently. If CRO can maintain its current momentum, then it could make a move towards the first resistance level above $0.352.
An extended bullish performance could make it possible for CRO to surge towards the second major resistance level above $0.38. However, it would need the support of the broader cryptocurrency if it intends to breach the $0.40 point.
On the flip side, failure to top the $0.35 level could lead to exhaustion, and CRO could drop below the $0.30 mark in the coming hours.
This article was originally posted on FX Empire