Technical Analysis: $CHZ

/USDT - Short-Term Price Targets 🚀

The CHZ/USDT pair has been displaying strong upward momentum over the last 24 hours, with a 21.44% price increase. With this in mind, here’s a breakdown of potential short-term targets:

Target 1: $0.1250

Rationale: This price point has acted as a solid support level in recent price movements. If CHZ/USDT continues its upward trend, $0.1250 could be the first resistance level to break through.

Target 2: $0.1300

Rationale: A key resistance level observed in the last 1-hour chart. If momentum remains positive, this could act as a short-term target. A break above this level would signal further bullish potential.

Target 3: $0.1350

Rationale: This level has been historically significant for price reversals, and should the price continue its bullish pattern, this could be the next significant milestone to watch for a potential breakout.

Keep an eye on these levels, as breaking through them could set the stage for a continuation of the upward momentum. Always use proper risk management and stay updated with market conditions.