Can Chronoly (CRNO) be as Successful as Binance Coin (BNB) and Cardano (ADA)?

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Investors nowadays are spoilt for choice when it comes to finding a hot new cryptocurrency or NFT project and finding the next 50x project in the early stages is quite difficult. Nevertheless, analysts are talking about a new utility token, called Chronoly.io which launched its presale last month and is already up 400%.

The Chronoly CRNO token has all the fundamentals of a successful coin but, for investors the question is can it be as successful as, say, Binance Coin (BNB) and Cardano (ADA)? We think so and this is why.

The price of Binance Coin (BNB) appears to be one of the few cryptocurrencies that is deviating from the norm. Within the rally, the Binance Coin (BNB) price has been going upwards, printing modest bullish candlesticks. The bearish candles that put BNB into a slump towards USD 217 are not comparable to or greater than the small-bodied candles. This could be the first sign that the current BNB upswing is hurting investors behind the scenes.

At USD 327, the Binance Coin price is currently ascending inside a parallel channel. The entire increase since May 19th at USD 290 will be seen as a corrective rally if the bulls are unable to establish bullish price action above the channel. If intraday traders get hold of the bearish momentum, the bears may aim to push the BNB price back to the origin point of the trend channel, and possibly further into USD 270 and USD 250.

The price of Cardano (ADA) will likely fall in the first two weeks of June, according to the GB Market Analysis Software. When the price of ADA reaches USD 0.55, it will be a confirmation that the signal is working. This is also the trade's