$CHZ just surged 10% today! Current price is 0.029, RSI shot up to 72, nearing the overbought zone, but the trend is still bullish. However, watch out for a significant drop in volume; this spike feels a bit shaky, so be cautious of pullback risk.
With a 24-hour volatility of 12%, short-term traders can keep an eye on the support level at 0.027. If it holds, there could be more upside potential; but if it breaks down with increased volume, we might need to retest the 5-day moving average. For mid to long-term positions, waiting for a pullback would be wiser since chasing at this level feels a bit hot.
Do you think $CHZ can hit 0.03 this time, or do you think we need to wash out first? Let’s chat in the comments!
$CHZ #FanToken #CryptoSports
With a 24-hour volatility of 12%, short-term traders can keep an eye on the support level at 0.027. If it holds, there could be more upside potential; but if it breaks down with increased volume, we might need to retest the 5-day moving average. For mid to long-term positions, waiting for a pullback would be wiser since chasing at this level feels a bit hot.
Do you think $CHZ can hit 0.03 this time, or do you think we need to wash out first? Let’s chat in the comments!
$CHZ #FanToken #CryptoSports