The CHR coin price shows a 30% surcharge in market value as the buyers regain momentum and tease a potential breakout rally shortly. 

Key technical points:
<ul>
 	<li style="font-weight: 400">The CHR prices grow by 30% overnight.</li>
 	<li style="font-weight: 400">The RSI slope surpasses the 14-day average.</li>
 	<li style="font-weight: 400">The 24-hour trading volume of Chromia is $62 Million, indicating a 10% fall. </li>
</ul>
<h2>Past Performance of CHR</h2>
CHR prices experience a surcharge in the underlying bullishness near the $0.15 mark, which has led to an upward trend reversal following an extended downtrend. On the other hand, the bear cycle started at the $0.66 mark after failing to give the bullish breakout of a rounding bottom pattern. This resulted in a downfall continuing under the influence of a highly bearish resistance trendline leading to a 70% drop in the last month. 

<img src="https://s3.tradingview.com/snapshots/m/M8N3rMUG.png" alt="TradingView Chart" />

Source-<a href="https://www.tradingview.com/x/M8N3rMUG/">Tradingview</a>
<h2>CHR Technical Analysis </h2>
CHR price action indicates a surge in trading volume, sustaining the bullish candlesticks that attempt to smash through the $0.25 resistance. Therefore, buyers can find a breakout entry opportunity with the market value crossing above the psychological mark, increasing the likelihood of a bull run up to $0.50.

A bearish bias of the daily EMAs is declining while the market price climbs higher to surpass $0.25. Hence, the breakout rally will face the formidable sellers at the 50-day EMA to determine the upcoming trend.

The RSI slope breaks the bearish influence of the 14-day SMA as it exits the oversold zone reflecting a surge in buying pressure. However, the halfway mark remains a severe obstacle in the bullish path, and the breakout will mark an entry spot for traders.

The Stochastic RSI displays a bullish crossover when the K line crosses above the D line inside the oversold zone and enters the neutral territory. Hence, the lines reflect the start of a new bull cycle. 

Thus, the momentum indicators suggest an uptrend and suggest the possibility of a falling wedge breakout.

In short, the CHR technical analysis forecasts an uptrend continuation to the $0.50 mark.
<h2>Upcoming Trend</h2>
Considering the market continues to recover, CHR prices will surpass the $0.25 mark, but the breakout of the resistance trendline will mark the bullish entry spot. The breakout trend can reach the psychological milestone of $0.50 if it surpasses $0.35.

Support Levels: $0.20 and $0.15

Resistance Levels: $0.25 and $0.35

&nbsp;

CHR Technical Analysis: Buyers Resurface Within Bearish Wedge

The CHR coin price shows a 30% surcharge in market value as the buyers regain momentum and tease a potential breakout rally shortly. 

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

CHR Technical Analysis: Buyers Resurface Within Bearish Wedge

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