The $CHR
/USDT pair has experienced a remarkable surge, climbing to $0.3621 with a 32.39% gain in the past 24 hours. The price reached a daily high of $0.3780, indicating a significant breakout that has been supported by a solid trading volume of 88.21M CHR. This volume suggests strong bullish sentiment, with substantial buying interest driving the rally.
Currently, support is forming around the $0.3355 level, which traders will closely monitor for potential retracements. A sustained move above the resistance at $0.3780 could trigger further upward momentum, with higher price targets becoming feasible. Conversely, any pullback toward the support zone offers potential entry points for traders looking to capitalize on a continuation of the bullish trend.
Given the strong momentum, this setup presents an ideal opportunity for momentum traders. However, traders should remain cautious and employ risk management strategies, as price volatility could still lead to sudden reversals or retracements.