The much-anticipated Cronos Smarturn upgrade went live today, but the excitement was overshadowed by broader market volatility as the CRO price took a deep dive. Following the U.S. Federal Reserve’s 0.25bps rate cut on October 29, the crypto market turned red, with Bitcoin sliding below $110,000 and total market cap dipping about -2%.

Historically, markets often correct after FOMC meetings before resuming their trend — and this time was no exception. Still, the broader outlook remains positive, with BTC holding above $105,000.

That being said, Cronos was not spared. CRO price slipped 4.45% in the past 24 hours, closely tracking Bitcoin’s -3.6% and Ethereum’s -5%. Despite optimism surrounding the upcoming Smarturn upgrade, short-term pressure remains, with CRO trading near $0.143, down over 22% in the past month.

With a key network milestone arriving amid macroeconomic uncertainty, traders now wonder: Can the Smarturn upgrade revive CRO’s rally, or will the bears stay in control?

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Macro Pressure: FED Rate Cut Triggers Crypto Selloff – Cronos Faces Resistance Amid Bearish Setup

The FED’s 0.25bps rate cut initially triggered a wave of selling across crypto markets, and CRO price followed suit. On the 4-hour chart, the token is testing a key ascending support line near $0.142–$0.145, a level that has held since mid-October.

CRO price 4 hour chart

(Source: Coingecko)

If buyers fail to defend this area, the next stop could be $0.13, mirroring the September lows. The Relative Strength Index (RSI) hovers near 40, signaling fading momentum, while the MACD shows only mild bullish divergence — suggesting sellers still have the upper hand.

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CRO price daily chart

On the daily timeframe, CRO trades within a broad consolidation range between $0.118 support and $0.165 resistance. A decisive close above $0.165 would mark a short-term reversal, while slipping below $0.142 could confirm a deeper correction toward the $0.12 zone.

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Technical Milestone for the Cronos Network – AI Expansion and ETF Potential

Despite the bearish technicals, Cronos is taking a major step forward with today’s Smarturn mainnet upgrade, scheduled for block height 38,432,212 (around 7 A.M. GMT). The event introduces upgrades across the Ethereum Virtual Machine (EVM), IBC interoperability, smart accounts, and new opcodes, all aimed at improving scalability and developer performance.

Users may experience a brief network downtime of up to one hour as validators finalize the transition. Once completed, Cronos aims for 30,000 transactions per second with 0.5-second block times, supporting faster DeFi and AI-driven applications.

Beyond Smarturn, Cronos is also expanding its AI Agent SDK, allowing developers to create semi-autonomous on-chain agents for trading, cross-chain communication, and liquidity management — reinforcing Cronos’ ambition to become a hub for AI-powered blockchain ecosystems.

Another potential long-term catalyst is ETF exposure. The Trump Media Crypto Blue Chip ETF is expected to allocate 5% to CRO, while Canary Capital’s staked CRO ETF awaits SEC review. Either approval could inject billions in institutional inflows, significantly boosting the CRO price and liquidity across the Cronos ecosystem.

CRO Price Outlook: Consolidation Before Recovery?

In the near term, CRO price remains at a critical support zone around $0.143. A rebound from this level could lift the token toward $0.16–$0.165, while a clean break above this resistance would confirm a potential move toward $0.21. Conversely, losing support could open the door for another test near $0.12.

Despite the volatility, Cronos’ fundamentals remain strong. The network holds over $535 million in total value locked (TVL) and continues to expand its DeFi and AI integrations with partners like AWS and Google Cloud.

If the Smarturn upgrade delivers improved performance and the broader market stabilizes, CRO price could see renewed momentum into late Q4 2025.

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Fatima
Fatima
Crypto Journalist

Fatima is a rising crypto journalist with a sharp eye for hidden gems and technical analysis. When she's not charting the next big breakout or diving into onchain data, a firm believer that alpha is where you least expect it,... Read More

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