CHR Price Aims for $0.0711 as Trading Volume and Market Confidence Rise
Market Activity and Price Movement: Chromia (CHR) has seen a surge in trading volumes and price stability, with a potential target of $0.0711 as traders respond to bullish signals and increased market participation.
Technical Analysis and Setup: A liquidity sweep strategy suggests a strategic entry point at $0.0666, with key support at $0.0667 and a favorable risk-to-reward ratio of 1:4, indicating potential for a breakout.
Indicators and Momentum: The MACD crossover and RSI near 58 indicate short-term bullish momentum, while recent price stabilization around $0.0702 reflects growing market confidence and institutional strategies.
Market Cap and Trading Interest: CHR's market cap has risen to $59.7 million, with significant increases in daily trading volumes, particularly in futures, signaling renewed interest and active participation from traders.
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Technical Analysis for CHR
Technical Sentiment Analysis for Chromia (CHR) As of , Chromia (CHR) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for CHR stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, CHR is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Chromia (CHR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0137 | 0.0185 | 0.0239 | 0.0287 | 0.0341 | 0.0389 | 0.0443 |
| Fibonacci | 0.0185 | 0.0224 | 0.0248 | 0.0287 | 0.0326 | 0.035 | 0.0389 |
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