CHR/USDT — Sitting on Demand Zone, Rebound or Breakdown Ahead?CHR/USDT is currently trading around $0.0971, right inside the historical demand zone $0.07–0.12, which has been a strong accumulation area since 2021.
This zone has acted as a launchpad for multiple rallies, but at the same time, it holds a pool of equal lows liquidity that could be swept if buyers fail to defend it.
Key technical levels from the chart:
Major demand/support: 0.0700 – 0.0900
Step resistances: 0.1100 – 0.1332 – 0.1710 – 0.1919 – 0.2575 – 0.3455 – 0.4637 – 0.8752 – 1.2456 – 1.5000
Historical low: 0.0188
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🔹 Market Structure & Pattern
Price is building a multi-year horizontal accumulation base between 0.07–0.12.
Each historical rally was triggered from this zone, making it a high-value demand block.
However, repeated tests without a strong breakout increase the risk of demand exhaustion and potential breakdown.
In other words, this area can either act as the foundation of the next bull rally or the last line before capitulation.
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🟢 Bullish Scenario
Bias remains bullish as long as 0.0700 holds.
First trigger: A weekly close above 0.1100 → opens the path toward 0.1332.
Stronger confirmation: A break and close above 0.1332 → sets targets at 0.1710 → 0.1919.
Mid-term swing targets: 0.2575 → 0.3455.
In case of a full bullish cycle, reclaiming higher zones around 0.4–0.8 and even 1.2–1.5 remains possible.
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🔴 Bearish Scenario
Warning sign: A weekly close below 0.0900 suggests fading buyer strength.
A breakdown below 0.0700 would unlock deeper downside: 0.0450 → 0.0310, with extreme risk toward the historical low at 0.0188.
This would mark a failed demand block and transition into a bearish market structure.
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🎯 Conclusion & Strategy
CHR/USDT is at a critical crossroad:
Bullish case: Holding above 0.07–0.12 keeps the rebound potential alive.
Bearish case: Losing 0.07 would confirm structural weakness and open deeper downside.
💡 For aggressive traders: consider accumulation within the current zone with a tight stop below 0.0700.
💡 For conservative traders: wait for a weekly close >0.1332 as confirmation before entering long, targeting 0.1710–0.1919.
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