has delivered strong market performance to its holders lately. In fact, at the time of writing, the token had recorded gains of over 12.34% in the last 24 hours alone. These gains contributed to the altcoin’s cumulative monthly gains of 145.3%. The scale of these gains highlighted rising market confidence and stronger participation from bullish traders. CHZ could continue its rally in the next trading sessions, potentially approaching its $0.35 target if its press time momentum holds.
The token had broken through a bullish triangle pattern after months of consolidation. This pattern saw the asset oscillate between a descending resistance line and a horizontal support level. Based on the chart, CHZ can be expected to target the start of the descending channel at $0.35, representing a 149.33% hike from its press time price of $0.1382. Despite the bullish outlook, CHZ may encounter resistance at $0.1420, with overcoming this level being crucial for sustained upward movement. Market sentiment showed optimism, with participants providing momentum for CHZ’s hike. Additionally, data from IntoTheBlock showed a significant rise in metrics indicating stronger buyer action in the market, with the average balance of wallets holding CHZ surging to one of its highest levels this week
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CryptoAmb - 🏆 22. / 68 Read more »