Technical analysis by CryptoAnalystSignal about Symbol CHZ: Buy recommendation (5/16/2025)

#CHZThe price is moving within a descending channel on the 1-hour frame and is expected to break and continue upward.We have a trend to stabilize above the 100 moving average once again.We have a downtrend on the RSI indicator that supports the upward move with a breakout.We have a support area at the lower boundary of the channel at 0.04400, which acts as strong support from which the price can rebound.Entry price: 0.04516.First target: 0.04650.Second target: 0.04820.Third target: 0.05011.