CHZ has broken down its support level and is currently heading towards its next major support area at around 400 sats.
The Relative Strength Index (RSI) is also showing that the coin is oversold, which indicates that a bullish movement may occur soon.
Traders can consider taking entries in parts between 410 sats to
400 sats, which is the expected support area.
It is important to monitor the price action and adjust the entry strategy accordingly based on market conditions.
