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Chromia (C...
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TronWeekly

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Chromia (CHR) Gears Up for Breakout as Price Eyes $0.15 Target

  • Chromia (CHR) is trading at $0.0835, up 4.51%, consolidating above key support at $0.08.
  • A descending triangle is forming, with breakout potential above $0.10–$0.11.
  • Successful breakout could target $0.13 to $0.15 in the short term.
  • Failure to break resistance may lead to a retest of $0.075–$0.07 support.
  • Technical indicators suggest CHR may aim for higher targets in the $0.13–$0.15 zone if it breaks out above resistance.
  • The Relative Strength Index (RSI) remains neutral, indicating room for movement in either direction.
  • A breakout will need confirmation through increased volume and momentum for reliability.
  • Failure to break resistance may result in CHR retesting the $0.075–$0.07 support level.
  • CHR is in a critical phase near long-term support within a descending triangle pattern.

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