Crypto.com (MCO) Technical Analysis: Consolidating Well Inside Bullish Ascending Triangle Crypto.com, the $10 million rebrand of Monaco, has re-entered the top 100 cryptocurrencies by market capital today after surging 5% against BTC earlier this morning. Since finding the bottom at around 51,080 Sats on November 23, the asset has been tracking inside of an ascending triangle as buyers slowly return to the MCO market. Typically, these patterns forecast bullish trend reversals and could be construed as an early indication that the market is turning around in MCO’s favor.
The project has been very proactive this month, announcing the launch of its MCO Visa (NYSE:) cards in the United States along with a new ‘Crypto.com Chain’ blockchain solution which enables “anyone to pay and be paid in cryptocurrency, any crypto, anywhere, for free”. Both updates promise to be significant drivers of cryptocurrency adoption, and should help to remove many of the barriers that currently make spending, earning and paying wages using cryptocurrencies highly unattractive.
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