CRO price staged a powerful rally Tuesday, climbing over 20% after news broke of its inclusion in a proposed Trump Media-backed Blue Chip ETF, sparking renewed bullish momentum for the embattled token.
Cronos (CRO) surged over 20% on Tuesday after Trump Media and Technology Group filed with the U.S. Securities and Exchange Commission to launch a Blue Chip ETF that includes CRO alongside Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Ripple (XRP). Notably, Cronos received a 5% allocation, which is more than Ripple’s 2%. If approved, the ETF will be listed on NYSE Arca and its assets will be custodied by Foris DAX Trust Company, Crypto.com’s custody arm.
The news sparked a sharp breakout, sending CRO price from its July 8 open at $0.081 to an intraday high of $0.10, breaking above a descending trendline and out of the recent consolidation range.
The rally pushed the price through key moving averages and briefly tested a previous swing-high resistance. It also approached the 200-day SMA, now acting as its dynamic resistance.
As of now, CRO price has pulled back slightly, trading around $0.092, just above the horizontal support near $0.089–0.090. This area, which previously acted as resistance in late April – early May, is now being retested as support following the breakout. Holding this level would be bullish, confirming a successful retest and setting up for a potential move back toward the $0.101 (200-day SMA) and $0.105 resistance zone.
In addition to the boost from its inclusion in the Truth Social Blue Chip ETF, CRO price may soon gain further momentum from the potential approval of the Canary Staked CRO ETF, which was filed with the SEC on May 30 and is currently under review.
These bullish catalysts may offer a much-needed respite for CRO holders, following a major blow in March when Cronos voted to reissue 70 billion previously burned CRO tokens. The controversial move drew sharp backlash from the community, raising centralization concerns.
