$CHZ CHZ/USDT: Oversold Fan Token – Bargain or Trap?
CHZ is crawling at **$0.04787 (+0.04%)** with **$4.38M** volume, looking severely oversold. The fan token's RSI(6) at **20.39** screams buy opportunity – but is anyone paying attention?
**Why The Neglect?**
- Fan tokens out of favor in current market
- "CHZ" now memed as "Can't Hold Zero"
- MACD still negative (**-0.00009**) despite extreme oversold
**Critical Levels:**
- **Support:** $0.04731 (24h low) – lose this and $0.045 is next
- **Resistance:** $0.04833 (MA7) – must reclaim for recovery
**Technical Check:**
- Price below all key MAs (7/25/99-day)
- **88M CHZ** traded shows some interest
- Those dates (2005?) suggest chart glitch – verify data!
**Prediction:**
If BTC bounces, CHZ could rebound to **$0.04879**. But break **$0.04731** and we're testing **$0.045**.
**❗ Trade With Caution:**
1. **Verify chart accuracy** – possible data error
2. **DYOR** – check team announcements
3. **Only risk what you can lose**
**How To Trade (If Confirmed Accurate):**
- **Contrarians:** Tiny buys at $0.0475 with stops at $0.047
- **Patient Traders:** Wait for RSI >30 + volume spike
This could be a steal or a value trap – trade accordingly!
