Breakout Above Long-Term Descending Trendline
CHZ price analysis shows a decisive breakout from a long-term descending wedge, signaling a trend reversal. The market now exhibits momentum expansion, with higher-timeframe EMAs supporting a bullish trajectory toward key resistance.
CHZ/USDT traded inside a descending wedge for most of 2024–2025, forming lower highs and lower lows. This trend indicated seller dominance while buyers defended a gradually weakening support.
The structure reflected a prolonged accumulation phase before recent acceleration. The breakout above the descending trendline was decisive and accompanied by increased momentum.
Price action suggests pent-up demand resolving after months of compression, with early signs of bullish expansion. ZAYK Charts tweeted that CHZ has gained over 70% profit so far, illustrating strong upward movement.
Immediate support now lies around ~0.06 USDT. Holding above this level confirms the breakout’s strength. Price behavior around this region indicates that the trend shift is gaining traction, reducing the risk of a false breakout.
Short-Term Consolidation and Key Resistance
After a near-vertical rally, healthy pullbacks or sideways consolidation are typical. CHZ may test the broken trendline or form a base near mid-range support zones.
Such behavior often strengthens momentum before the next upward leg. The daily chart shows the first major resistance at 0.065–0.067 USDT.
A clean close above this zone would likely open a path toward 0.075–0.08, aligning with higher-timeframe resistance and measured-move targets. Traders often watch these areas for potential continuation signals.
Price currently trades above all key EMAs—7, 25, and 99—indicating a strong bullish structure. The short-term EMA alignment supports buyers’ control, confirming the breakout is supported by technical momentum rather than speculative spikes.
Weekly Context and Macro Trend
On the weekly chart, CHZ previously peaked near 0.167–0.17 before entering a prolonged corrective phase toward ~0.01. This zone acted as a macro bottom, forming the foundation for the current accumulation phase.
Weekly candles now show tight ranges with rising volume, signaling renewed participation from institutional and swing traders. Reclaiming EMA 7 and EMA 25 on higher timeframes demonstrates a transition from bearish to bullish control.
The EMA 99 near 0.061 serves as a pivotal barrier. Price pressing into this zone is a key decision point for trend-following continuation. Rising green volume bars after low-activity periods suggest accumulation resolving upward, favoring higher highs over time.