๐ CHZ/USDT Chart Breakdown: Whatโs Happening? ๐๐
The image you provided is a 1-day candlestick chart for Chiliz (CHZ/USDT) on Binance, captured at 10:40 AM PKT on Monday, June 16, 2025. Letโs dive into the details!
Current Price: ๐ฐ
CHZ is trading at $0.03669, up +1.21% with a recent gain of $0.00044. A modest uptick, but the chart tells a bigger story! ๐
Support Zones: โฌ๏ธ
$0.04296 - $0.05467: The immediate support range where the price has recently stabilized.
$0.06883: A key support level from past consolidation.
$0.07217 - $0.07507: Stronger historical support if the price dips further. ๐ช
Resistance Zones: โฌ๏ธ
$0.16649: The next resistance, marking a significant high from earlier this year.
$0.07627 - $0.07917: Higher resistance levels to watch for a potential breakout. ๐
Trend Insight: ๐
The chart shows a sharp decline from its peak near $0.16649, followed by a consolidation phase. The recent price action suggests a potential bounce, but the overall trend since early 2025 has been bearish with lower highs. โ ๏ธ The yellow line indicates a descending trendline, reinforcing this bearish bias unless broken.
Next Move: ๐ฏ
If CHZ holds above $0.04296 and breaks $0.06883 with volume, it could target $0.07627 or higher. A drop below $0.04296 might test $0.03669 or lower supports. Watch volume and price action for confirmation! ๐
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