CHZ/USDT at a Critical Zone — Breakout or Another Rejection?CHZ/USDT on the Weekly (1W) timeframe remains in a long-term downtrend since its 2021 peak. Price is currently testing the upper boundary of a descending channel, an area that historically acts as a key decision zone—either leading to a strong rejection or a valid breakout. While short-term momentum shows signs of recovery, sellers still control the broader market structure.
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Pattern & Technical Structure
Descending Channel (Bearish Continuation Pattern)
Price has been moving consistently within a downward-sloping channel defined by:
Upper resistance (red trendline) → dynamic resistance
Lower support (yellow trendline) → major dynamic support
As long as price remains inside the channel, the primary trend stays bearish
Current price action at the upper channel makes this a high-risk, high-impact decision area
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Key Levels
Major Resistance:
0.07500 → minor resistance / initial reaction zone
0.14000 – 0.16600 → mid-term supply zone
0.27500 → major resistance & trend reversal confirmation
Major Support:
0.05400 → short-term support
0.03500 → important weekly support
0.01000 → extreme demand zone / lower channel boundary
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Bullish Scenario
Price breaks above and closes weekly above the descending channel
Breakout supported by increasing volume
Upside targets:
0.07500
0.14000 – 0.16600
0.27500 as the main target
A valid breakout could mark the end of the bearish structure and the start of a medium-term trend reversal
Bullish Confirmation:
Weekly close above the red resistance trendline
Successful retest of the upper channel as support
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Bearish Scenario
Price fails to break the upper channel and forms a clear rejection (long wicks or bearish weekly candle)
Selling pressure resumes
Downside targets:
0.03500
0.01000 (lower channel)
As long as price stays inside the channel, upside moves are considered relief rallies
Bearish Confirmation:
Strong rejection at dynamic resistance
Breakdown below the 0.05400 support level
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Conclusion
CHZ/USDT is trading at a critical long-term decision zone on the Weekly timeframe.
This area will likely determine whether price:
Breaks out → Trend reversal
Gets rejected → Continuation of the downtrend
Traders are advised to wait for weekly confirmation, as this zone is highly prone to fake breakouts.
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Long
