Cronos (CRO) Price extended its stunning run, trading at $0.34 at press, up 55% in 24 hours and nearly 140% over the past week.
The move was driven by ongoing Trump media hype and speculative momentum, but today, major on-chain signals suggest that the rally could be vulnerable to profitability.
Whale trims retention for the first time since August
For the first time in nearly two weeks, a large holder of 10-100 million CRO cohorts reduced positions. Their wallets have dropped from CRO 11.1 billion to CRO 11 billion, a cut of around CRO 100 million, worth $34 million at current prices.
The reductions may appear smaller than total ownership, but timing is important. Until now, whales have accumulated during gatherings. The initial move to sell to strength shows emotional changes that can ripple over wider market activity.
This early whale behavior is directly linked to benefits that are reflected across the wider network.
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See the signal that the SOPR reaches its peak and profitable
Looking at Cronos’ used output profit margin (SOPR), which rose to 1.13 this week, the signal to earn profits is even clearer. This is the second highest reading in six months. A SOPR above 1 means that most coins moving are sold for profit.
Used Production Profit Rate (SOPR) tracks whether a coin is being sold for profit or loss. A rise in SOPR along with rising prices often indicates a heavy profit.
When SOPR achieved such an upward level in July, the Cronos price was revised from $0.14 to $0.12. This marked a 14% pullback. If a similar 14% revision was rolled out from today’s $0.34 price, the CRO price will go back to around $0.28. This level matches the support zone between $0.28 and $0.32.
This enhances the cases where current benefits can test these support. In addition, short-term bias can potentially be reversed if a failure occurs.
History suggests that even in bullish momentum, the cooling phase could continue as the whales have been trimmed and the SOPR flashes similar warnings.
See Chronos price levels
Among these warning signs, the price structure of CRO remains bullish. The token has cleared resistance of $0.28 and $0.32 and is currently testing $0.34. The direct reverse target is $0.38, and the price of Chronos needs to be broken convincingly for the rally to continue.
On the downside, support is $0.32 and $0.28, with a deeper reversal only when the CRO falls below $0.25 based on profit booking pressure. Importantly, Chronos is still 64.5% below its all-time high of $0.96, leaving significant room if momentum is maintained.
Currently, if the CRO price is successful in exceeding $0.32, you may be able to withstand the pressure of profit booking. And it was able to examine the whiskered outlook and attempt to continue the rally.
After a 140% Cronos (CRO) surge in the week that first appeared on Beincrypto, a post-commercial signal appears.
