According to crypto market analyst CoinBaron, Cronos (CRO) has underperformed during the current altcoin season, even as tokens such as Dogecoin (DOGE) and Shiba Inu (SHIB) posted double-digit gains. While most altcoins have outperformed Bitcoin (BTC) in the last 90 days, CRO has stalled after a strong rally earlier this year. The token is down nearly 10% on the week and rose about 2% in the past 24 hours.
Cronos Hype Around Trump Treasury Company Fades
CoinBaron said that CRO had risen about 175% over the past three months, surging from $0.15 to $0.39. The rally was triggered by news of a planned Trump-linked treasury company, a joint venture between Trump Media and Crypto.com.
As reported, the firm plans a SPAC merger with Yorkville Acquisition Corp. and will secure $1 billion in CRO tokens, $200 million in cash, $220 million in warrants, and a $5 billion equity line of credit. However, the venture is not yet live, as it requires approval from the U.S. Securities and Exchange Commission (SEC).
The analyst emphasized that much of CRO’s rise was fueled by hype and fear of missing out (FOMO), drawing in new investors unfamiliar with the token. As the delay dragged on, many of those speculators exited, redirecting capital toward faster-moving tokens.
Recent gains in Dogecoin and Shiba Inu illustrate how quickly traders have shifted away from Cronos. CoinBaron argued that CRO has been “left out of the party,” with money chasing whichever tokens post the sharpest daily rallies. He suggested that $0.25 may act as a new “normal” for CRO in the near term until new catalysts emerge.
Analyst Draws Parallels to CRO’s Delayed Rally During 2021 Cycle
The analyst also drew comparisons to September 2021, when CRO saw wide swings of more than 30% before breaking out to record highs. At that time, Ethereum (ETH) was already nearing its cycle peak while CRO lagged.
He believes a similar path could unfold in 2025, with CRO likely to rally later than larger-cap coins such as Ethereum, Binance Coin (BNB), and Solana (SOL). In 2021, CRO surged from $0.20 to nearly $1 within one month once its delayed rally began.
Beyond token-specific drivers, the analyst noted that broader economic conditions could influence CRO’s price. The Federal Reserve’s Sept. 17 meeting is expected to bring a decision on interest rates. A potential rate cut may spark volatility across digital assets. This could either accelerate or further weigh on CRO depending on how the market reacts.
Could September Consolidation Lead to a Late-Year Rally?
Cronos traded at $0.2316 today on Sept. 17, consolidating after its earlier parabolic move. The TradingView chart shows the token testing key support levels following weeks of decline.
The price is hovering just above the 50-day exponential moving average (EMA) at $0.209. A breakdown below this level could expose deeper supports at the 100-day EMA near $0.172 and the 200-day EMA at $0.143. On the upside, the 21-day EMA at $0.242 stands as immediate resistance. A close above this line would signal renewed momentum, with the next resistance at $0.28, where the last rebound attempt was capped.
Momentum indicators confirm the cooldown. The Relative Strength Index (RSI) has dropped to 48.5, close to the neutral 50 line. This suggests that earlier overbought conditions have eased but also that CRO is not yet oversold. Historically, reversals often occur near this zone, making it a key level to monitor in the coming sessions.
In the short term, CRO is likely to trade between $0.21 and $0.25. A decisive move below $0.21 could accelerate losses toward $0.17. A breakout above $0.242 would increase the probability of a push toward $0.28. Longer term, if CRO repeats its 2021 pattern, September’s consolidation could pave the way for a stronger rally later in the year.