Crypto.com price is hours away from a breakout as the bulls aim for $0.55

Crypto.com price has broken the daily trend channel for the 4th time

CRO is consolidating above both the 200-day and 50-day moving average

A dip below $0.32 would invalidate the bullish thesis

Crypto.com price looks super bullish

Crypto.com price is currently trading at $0.40. Following the bullish weekend, Crypto.com price triggered pending orders above the $0.417 level. Time will be the ultimate judge to decide if we will see a bull rally or if traders going long will get trapped.

Crypto.com price has a few strong indicators providing bullish confluence. The current consolidation above the parallel trend channel with low volume spells for a parabolic move to come. Secondly, the 50- and 200-day moving averages have supported the digital asset over the weekend. Traders can either jump in now or place a buy stop at the previous pending order level at $0.417. If the bulls can push the price back into the pending orders level, the Crypto.com price will probably soar. Bulls are likely to aim for previous swing highs at $0.46 and $0.55, between 20% & 40% above the current price.