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CHZ's recent performance is quite interesting. The trading volume on the 30-minute candlestick chart surged by 69.7%, and such a sharp increase in volume usually isn't without reason.
The current price is at 0.04427 USDT, only 1.42% away from the key support level at 0.04312 on the 1-hour timeframe. Honestly, when trading volume expands so significantly, it often indicates that the main force is preparing for the next move.
From a technical perspective, the 0.04312 level is a good entry point for long positions. If you're considering participating, you might place an order around this area. The resistance level above is at 0.04435, which is a reasonable first target.
Overall, the abnormal volume combined with the proximity to support suggests that CHZ might have a chance next. Just keep a close eye on the subsequent price movements; whether the trading volume can be sustained is the key.