CHR Technical Analysis: Buyers Resurface Within Bearish Wedge

The CHR coin price shows a 30% surcharge in market value as the buyers regain momentum and tease a potential breakout rally shortly. Key technical points: The CHR prices grow by 30% overnight. The RSI slope surpasses the 14-day average. The 24-hour trading volume of Chromia is $62 Million, indicating a 10% fall. Past Performance of CHR CHR prices experience a surcharge in the underlying bullishness near the $0.15 mark, which has led to an upward trend reversal following an extended downtrend. On the other hand, the bear cycle started at the $0.66 mark after failing to give the bullish breakout of a rounding bottom pattern. This resulted in a downfall continuing under the influence of a highly bearish resistance trendline leading to a 70% drop in the last month. Source-Tradingview CHR Technical Analysis CHR price action indicates a surge in trading volume, sustaining the bullish candlesticks that attempt to smash through the $0.25 resistance. Therefore, buyers can find a breakout entry opportunity with the market value crossing above the psychological mark, increasing the likelihood of a bull run up to $0.50. A bearish bias of the daily EMAs is declining while the market price climbs higher to surpass $0.25. Hence, the breakout rally will face the formidable sellers at the 50-day EMA to determine the upcoming trend. The RSI slope breaks the bearish influence of the 14-day SMA as it exits the oversold zone reflecting a surge in ...