$CHZ /USDC – Short Technical Analysis
Trend: Bullish continuation 📈
Price: ~0.0545 (near recent high 0.0552)
Market Structure: Higher highs & higher lows → uptrend intact
Indicators
Moving Averages:
Price above MA(7), MA(25), MA(99) → strong bullish bias
MA(7) > MA(25) > MA(99) = healthy trend
Volume: Increasing volume on up-moves → confirms buyer strength
Momentum: Strong but slightly extended → short-term pullback possible
Key Levels
Resistance: 0.0555 – 0.0580
Support: 0.0520 → 0.0495 → 0.0460
Trade Insight
Bullish scenario: Break & hold above 0.0555 → targets 0.058–0.060
Pullback buy zone: 0.052–0.050 (trend support)
Invalidation: Below 0.046 breaks bullish structure
Conclusion:
Trend is bullish, volume-backed. Prefer buy on pullbacks or confirmed breakout rather than chasing the top. ⚠️
