$CHR /USDT – Potential Upcoming Rally
Key Technicals
- Current Price: $0.0733 (+5% daily)
- Support Zone: $0.068–$0.070 (recent defended lows)
- Resistance Levels:
- $0.080 (short-term breakout trigger)
- $0.095 (supply zone)
- Target: $0.12 (swing projection)
- Indicators:
- Price is trading above MA(5) and testing mid-Bollinger band.
- MACD is flattening, suggesting bearish momentum is fading.
- RSI recovering from oversold levels, showing early accumulation signs.
Fundamentals
- Market Cap: ~$63M, with a fully diluted valuation near $72M — relatively small-cap, making it sensitive to inflows.
- Volume/Market Cap Ratio: ~11.7%, indicating healthy liquidity relative to size.
- Supply: 847M circulating out of 978M max — most tokens already in circulation, reducing dilution risk.
- Narrative: Chromia positions itself as a relational blockchain for gaming and dApps. Renewed interest in gaming/metaverse tokens could act as a catalyst.
Target & Rally Potential
- If CHR sustains above $0.070 and breaks $0.080 with volume, momentum could carry toward $0.095–$0.12 in the near term.
- A clean reclaim of $0.12 would open the path toward $0.15–$0.18, aligning with prior structural pivots.
Bottom-Out Zone
- Strong accumulation expected between $0.065–$0.070.
- Breakdown below $0.065 would invalidate the bullish setup and expose $0.055 as the next demand zone.