Biggest Movers: CRO Rebounds as CEO Kris Marszalek Admits ‘Trust Was Damaged’

On Nov. 14, cronos rebounded, arsenic Crypto.com CEO Kris Marszalek held an “Ask maine Anything” (AMA) session, portion speculation grew connected the company’s level of solvency. The concerns came aft it was revealed that a transportation of $400 cardinal was made to gate.io successful caller weeks. Polygon besides surged connected Monday, arsenic prices attempted to interruption retired of a cardinal absorption level.

Cronos (CRO)

Cronos (CRO) rebounded connected Monday, arsenic markets responded to Crypto.com CEO Kris Marszalek’s comments connected caller speculation surrounding the company’s health.

Following a debased of $0.05629, CRO/USD rallied to an intraday precocious of $0.07459 earlier successful today’s session.

The surge comes arsenic Marszalek admitted that, “Trust was damaged, if not lost, and we request to absorption connected rebuilding trust.”

CRO/USD – Daily Chart

Looking astatine the chart, today’s determination saw CRO rebound from an all-time low, and arsenic of penning the plus is trading astir 8% higher, astatine $0.07051.

In summation to this, the 14-day comparative spot scale (RSI), is presently tracking astatine 32.99, which is beneath a ceiling of 36.20.

Overall, CRO is down by 42% from the aforesaid constituent past week.

Polygon (MATIC)

Polygon (MATIC) was different notable gainer connected Monday, arsenic the token attempted to reenter the $1.00 region.

MATIC/USD surged to a highest of $0.9573, which comes little than a time aft hitting a debased of $0.8412.

Today’s rebound successful terms saw MATIC concisely breakout of a absorption level of $0.95, nevertheless it has since slipped beneath this point.

MATIC/USD – Daily Chart

As tin beryllium seen from the chart, prices person somewhat stuttered, arsenic the RSI neared a collision with a ceiling of its own.

The scale is presently tracking astatine 48.07, which is marginally beneath the aforementioned absorption of 49.00.

Should MATIC bulls mean to instrumentality the token backmost supra $1.00, terms spot volition archetypal request to determination beyond this 49.00 point.

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Could we spot polygon determination backmost supra $1.00 successful the coming days? Let america cognize your thoughts successful the comments.

Image Credits: Shutterstock, Pixabay, Wiki Commons, Vladimka accumulation / Shutterstock.com

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