crypto market
The recent move is supported by a shift in momentum, with the Supertrend indicator turning bullish and the price attempting to hold above it. Additionally, the Chaikin Money Flow (CMF) is trending into positive territory, indicating improving capital inflows and buying pressure. If CHZ manages to break and sustain above the $0.047 resistance zone, it could trigger a move toward $0.050–$0.052 in the short term.
The Final Verdict
As the crypto market approaches the monthly close, the broader trend remains indecisive, with Bitcoin and Ethereum yet to confirm a sustained bullish reversal. Bittensor (TAO), DeXe (DEXE), Artificial Superintelligence Alliance (FET), and Chiliz (CHZ) are all attempting to reclaim crucial levels, hinting at potential breakout setups. However, these moves remain conditional, as most tokens are still testing supply zones rather than confirming clear breakouts.
A successful push above these resistance levels could trigger short-term upside across these altcoins. On the other hand, failure to sustain momentum may lead to renewed consolidation or pullbacks. Therefore, the next few sessions—especially into the monthly close—will be critical in determining whether these setups evolve into sustained rallies or fade under broader market pressure.
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Tags: Altcoins, Crypto, indicator, marketThe, momentum, move, Price Analysis, recent, shift, supertrend, supported, with
