SwissBorg Price Analysis: Will CHSB Surge to hit $0.20


  • CHSB/USD trades near $0.19.
  • SwissBorg shows bearish momentum over the weekend.
  • CHSB/USD pair trading above EMA(20).
  • First support level for SwissBorg is at $0.18.

25 April 2024 : In this article we will walk you through SwissBorg price analysis for today or for next week and try to answer these frequently asked questions (FAQs), what is short term price prediction for SwissBorg, Is CHSB a good investment? SwissBorg support & resistance levels etc. But before diving deep into the CHSB technical analysis, let us talk about the current market conditions.

Market Analysis

Over the last twenty-four hours, there was a down fall of -1.84 percent, bringing the entire cryptocurrency market to $2,380,868,511,150. The total trading volume stands at $80,961,129,845. Bitcoin shares 53.44 percent of the entrie market while Ethereum has a dominance of 16.33%.
which resulted in Bitcoin's price rising to $64,609.99 level after an upward movement of 0.56%. A number of alternative cryptocurrencies, like ETHEREUM has seen a price increase of 0.92 percent reaching to $3,160.21 during the previous 24 hours.
While publishing this blog, BNB traded at $613.90, following a price change of 1.34% within the same time frame. SOL the native coin of Solana is down by -1.17 and currently trading at $145.33. Additionally, Cocos-BCX reached $0.60 after seeing a decline of -0.77% in value.
These events indicate that the market is heading in a downward direction for short term. At this moment, a general negative dip can being seen throughout the crypto market.

SwissBorg Support and Resistance

Support and resistance are important technical indicators used to identify key price levels where the trend can change direction. Support is a level at which buyers become more active and stop the coin's price from falling any further. Similartly, Resistance is a level at which sellers become move active and stop the coin's price from moving higher.
Following are the support and resistance levels of SwissBorg (CHSB)

CHSB Resistance Levels CHSB Support Levels
Resistance Level 1 $0.20 Support Level 1 $0.18
Resistance Level 2 $0.21 Support Level 2 $0.17
Resistance Level 3 $0.22 Support Level 3 $0.16

SwissBorg Performance

The price of SwissBorg (CHSB) is at $0.19, up 0.31% in the past 24-hours and has a price change of -0.39% over the week. One day trading volume for BTC is 173,996.00 USD while total marketcap reached $190,518,082.00 USD. There are almost 1,000,000,000 are in circulation out of 1000000000.

SwissBorg Price Analysis

CHSB price analysis for 25 April 2024 within a daily time frame explained below. we use Relative Strength Index(RSI), Moving Average Convergence and Divergence (MACD), Support levels, Resistance levels, different time period moving averages including Simple Moving Average (SMA) and Exponential Moving Average (EMA) to analyze the future movement of the SwissBorg.

Moving Averages Price Indicator
Simple Moving Average (10) 0.19 Sell
Exponential Moving Average (10) 0.19 Sell
Simple Moving Average (20) 0.19 Buy
Exponential Moving Average (20) 0.19 Buy
Simple Moving Average (50) 0.18 Buy
Exponential Moving Average (50) 0.18 Buy

The Relative strength index (RSI) for CHSB Coin is currently hovering at 52 for 14-days average line, which means CHSB is moving towards overbought zone. The immediate resistance for CHSB is found at $0.20, and a breakout from this level could leads towards the next resistance, which can be found at $0.21. On the other hand, if the bear take control and CHSB price fails to break out above $0.20, it could fall back towards the crucial support at $0.18. The CHSB/USD Moving Average Convergence and Divergence (MACD) indicator is indicating a short-term sell signal as the MACD line is moving below Signal Line Which means bears are dominating in the market. While CHSB’s Williams %R indicator is at -55.679 for the 14-day time period indicating a neutral condition.A trade signal is possible at this range.

Conclusions

CHSB price is moving in sideways direction. The battle between the bulls and the bears can result in moving the coin price in either direction. However, The investors are waiting for SwissBorg to make a one directional move to make a good entry in the market.