$CHZ is currently trading at 0.03391 USDT, indicating a bearish market structure near the support level of 0.03379.
With an RSI of 33.06, the asset is nearing oversold conditions, suggesting potential for a rebound.
A breakout above the resistance level at 0.03507 could present a suitable entry point.
Traders should remain cautious of Bitcoin's volatility and pending macroeconomic events that could impact market sentiment.
