- CHZ Token price breaks above the resistance of supertrend indicator with a price jump of more than 40% in the last week.
- The token price breaks above all the resisting EMAs in the daily chart.
- The token pair CHZ/BTC trades at 0.000007939 BTC with an intraday gain of +7.45%.
CHZ token price grows almost in a straight line after retesting the 200-day EMA with an evening star pattern following a bullish engulfing candlestick. The intraday volume range has been above the 20 MA level reflecting the rising interest in the token.
As per the price action study, the coin price could support at $0.20 or $0.10. On the opposite end, it could face some resistance near $0.45 and $0.56 if the trend manages to rise above the $0.37 mark.
The rising 50 and 100-day EMA carry a substantial zone as the token price has managed to rise above them.
The CHZ Token price at the moment is $0.3655. The market cap increased by 11.35% over the past 24 hours. It means that prices are rising with a demand boom.
The intraday trading volume of the token risen by 10.33% over the last 24 hours. It indicates that investors might be losing interest in the coin and could lead to a retracement.
Will CHZ Token Price Rise Higher Than $0.37?
Investors could see a bullish rally reaching 30% to 50% if bullish momentum continues after the retest of $0.37. However, investors should not be overwhelmed by a climactic fall in the price.
As the EMAs rise in a bullish alignment, the token price moves higher than all the significant EMAs in the 4-hour timeframe.
The RSI (Bullish) indicates bullish momentum as the RSI line moves higher towards the overbought territory.
The ADX shows a rise in trend momentum as the slope of ADX spikes up.
Conclusion – The up-trending movement of the CHZ Token price seems to struggle to rise above the resistance of $0.37. The rising EMAs with the gradually rising RSI represents a rise in underlying bullishness. Thus, investors searching for a bullish entry spot might find an entry at the retest of $0.37.
Support – $0.20 and $0.10
Resistance -$0.37 and $0.45