$CHR Analysis:

#CHRUSDT has been trading within a descending channel on a daily timeframe, consistently respecting the trendlines. We anticipate a significant breakout due to the recent push #CHR received from a successful retest of the channel's lower support.

A potential retest of the Bullish Order Block at $0.20 could be pivotal if the price is rejected by the upper trendline of the channel. This area is packed with liquidity.

If #CHR can break above the descending resistance, supported by the liquidity at $0.27 , we could witness a strong bullish move. This breakout would signal a potential trend reversal and align with our bullish outlook.

Should the current resistance hold, we might see a retest of the support level at $0.2200. This could provide the necessary rally for a breakout. Watch for signs of strong buying interest at this level as an indicator of a potential upward move.

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