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
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