Crypto.com’s native token Cronos (CRO) is showing restraint on Nov. 14 against mounting sell-pressure building in the wake of the FTX’s dramatic collapse last week.
Funding rates are recurring payments made by traders based on the difference between the prices in the futures and the spot market.
On Nov. 14, CRO’s funding rates on Huobi and OKX dropped to minus 3%, showing traders are extremely bearish on the token.
If an exchange have to move large amounts of crypto before or after they demonstrate their wallet addresses, it is a clear sign of problems.
https://t.co/hWXvPqBime — Coffeezilla (@coffeebreak_YT) November 13, 2022 Overall, Crypto.com saw its users withdraw $14 million in ETH and $39 million in other tokens over the weekend, according to data tracked by Argus Inc. 50% Cronos price relief rally ahead?
In other words, CRO price could recover to $0.111, up over 50% from the current price levels, as its next upside target.

Source - Coin Telegraph

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