Cronos Price at Risk of $0.05 Pullback Amid Weak Buying Pressure

Crypto.com announced on July 16th that it received $400 million in strategic investment from Citadel Securities, valuing them at $200 billion.

The news sent Cronos (CRO) price rallying by 21.92% to a local high of $0.0677 within hours.

However, the token saw a 15.9% retracement in the following 12 hours, falling to $0.057.

A closer look at the technical indicators reveals mixed signals - while some show an intense uptrend, others indicate weak buying pressure and potential reversal.