CHRUSDT Weekly Update.

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Now, let’s dive into this chart analysis:

CHR is in a downtrend entering the support range between $0.1341 and $0.1925. From the Resistance 1 level at $0.498, CHR has already rejected 63% and according to the current price action, it is likely to be rejected further.

Here are the key observation levels:

Support and Resistance Levels:
~ Support 1: $0.1341 to $0.1925.
~ Support 2: $0.0851.
~ Resistance 1: $0.498.
~ Resistance 2: $1.249.

~ Bullish Scenario: The price is expected to bounce from Support 1 around $0.1341. The projected path shows a potential rise towards Resistance 1 around $0.4980.
If the price breaks above Resistance 1, the next target would be Resistance 2 around $1.249, representing a significant gain of approximately 1388%.

~ Bearish Scenario: If the price fails to hold Support 1, the next strong support level is at Support 2 around $0.0851. A break below Support 2 could lead to further downside.

DYOR. NFA.

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