- Chromia (CHR) bounces and is experiencing a surge along with the Bitcoin and surges 11% in the last 24 hours.
- CHR is on the verge of a breakout and aiming for higher price targets.
- Watch for confirmation of bounce with targets at $0.14, $0.22, $0.37 and $0.57.
Chromia (CHR) is showing bullish signs and experiencing a surge in its value after a turbulence phase that led the CHR to experience a drop significantly following the huge sell off in the overall market triggered by several macro factors and Bitcoin’s sharp decline below $80k. Over the last 30 days CHR is down by almost 21%, while in the last week, CHR is down by 9%.
Currently, the crypto market is turning from bearish to bullish phase with Bitcoin’s recent bounce from $76k that propelling a fresh wave of optimism in the market. CHR is benefitting from this bullish wave in the market.
Over the last 24 hours, Chromia is up by 11% showing strong bullish signs for further growth. Currently, its trading price is at $0.09861. Moreover, its trading is experiencing decline and down by 18% with a 24-hour trading volume of $ 16.33M, market cap of $ 80.28M.
Chromia (CHR) Poised For Surge Towards $0.57
Despite this bullish surge CHR technical charts are showing promising signs for uptrend. From the technical point of view, CHR is attempting to bounce from the lower border of the descending triangle on weekly timeframe.
However, CHR is currently trading above the key support zone suggesting potential reversal and could experience a huge surge if the momentum sustains. If the breakout happens and CHR sustains an uptrend it could target higher price targets.
In addition, watch for confirmation of the bounce, if the bounce is confirmed CHR’s first target is at $0.14. Moreover, with the continuation of bullish momentum and positive market sentiment CHR could hit $0.22, $0.37 and $0.57.
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