The setup has a mild positive bias, but the reward-to-risk is not clean enough to be aggressive.
In the current Bull Volatile regime, the best-fit approach is Follow the trend, but tighten risk control. The broader trend is still bullish, but price swings are wider and less forgiving, so the upside bias remains intact while execution and risk control need to be tighter.
CHELON support and resistance levels highlight key price zones where buyers and sellers are most active. This section helps identify likely breakout areas, pullback support, overhead resistance, and the current trading range so you can evaluate trend continuation, reversal risk, and near-term crypto price direction.
| Level | Zone | Strength |
|---|---|---|
| Support 1 | $0.0₅2823 - $0.0₅2866 | |
| Support 2 | $0.0₅2669 - $0.0₅2712 | |
| Support 3 | $0.0₅2606 - $0.0₅2648 | |
| Support 4 | $0.0₅2556 - $0.0₅2599 | |
| Resistance 1 | $0.0₅3017 - $0.0₅3060 | |
| Resistance 2 | $0.0₅3123 - $0.0₅3202 | |
| Resistance 3 | $0.0₅3221 - $0.0₅3264 |
CHELON clears the resistance zone at $0.0₅3017 - $0.0₅3060 and holds above it. That would strengthen the breakout case and shift attention to $0.0₅3123 - $0.0₅3202.
CHELON loses the support zone at $0.0₅2823 - $0.0₅2866. That would weaken the setup and open the way toward $0.0₅2669 - $0.0₅2712.
CHELON continues trading between $0.0₅2866 and $0.0₅3017. In that case, range-trading conditions remain active.
Technical indicators help summarize trend, momentum, volatility, and key price levels. They should not be used in isolation, but they can help identify whether a coin is trending, ranging, overextended, or approaching an important support or resistance level.
| Indicator | Value | Signal | Interpretation |
|---|---|---|---|
| SMA50 | $0.0₅2586 | Bullish | CHELON is trading above the 50-day average. |
| SMA200 | $0.0₅2334 | Bullish | CHELON remains above the long-term trend line. |
| EMA50 | $0.0₅2616 | Bullish | CHELON is holding above the 50-day exponential average, which supports the recent trend. |
| EMA200 | $0.00003851 | Bearish | CHELON is below the 200-day exponential average, which keeps the longer-term structure under pressure. |
| RSI (14) | 93.24 | Overbought | RSI (14) is elevated at 93.24, which suggests upside momentum may be getting stretched. |
| Stoch RSI (14) | 91.40 | Overbought | Stoch RSI (14) is high at 91.40, which shows momentum is pressing near its recent upper extreme. |
| MACD | 0.0₆1372 | Bullish | MACD is above its signal line. |
| ATR | 1.42% | Volatile | Volatility is above its 180-day median. |
| VWMA | $0.0₅3015 | Bearish | Price is below the volume-weighted average. |
| Commodity Channel Index (20) | 87.41 | Neutral | CCI (20) is at 87.41, which keeps price relatively close to its recent average. |
| Awesome Oscillator (5, 34) | $0.0₆3376 | Bullish | Awesome Oscillator is above zero at $0.0₆3376, which supports bullish momentum. |
| Williams Percent Range (14) | -23.11 | Neutral | Williams Percent Range (14) is at -23.11, which keeps price in the middle of its recent range. |
| Bull Bear Power (13) | $0.0₆1267 | Bullish | Bull Bear Power (13) is positive at $0.0₆1267, which suggests buyers are controlling price relative to the EMA baseline. |
| Ultimate Oscillator (7, 14, 28) | 65.84 | Neutral | Ultimate Oscillator is at 65.84, which suggests momentum is balanced across its short, medium, and long windows. |
| Hull Moving Average (9) | $0.0₅3037 | Bearish | CHELON is trading below the Hull Moving Average (9), which weakens the near-term trend. |
| Ichimoku Cloud B/L (9, 26, 52, 26) | $0.0₅2861 | Bullish | CHELON is trading above the Ichimoku base line, which supports bullish structure. |
Over the past 7 days, CHELON price was most positively correlated with the price of Sky (SKY), Aave (AAVE), Midnight (NIGHT), LayerZero (ZRO) and Immutable X (IMX) and most negatively correlated with the price of Ethena (ENA), Beldex (BDX), Polygon Ecosystem Token (POL), Zcash (ZEC) and Sei (SEI).
| Name | Correlation |
|---|---|
| Sky | 0.840 |
| Aave | 0.826 |
| Midnight | 0.807 |
| LayerZero | 0.734 |
| Immutable X | 0.693 |
| Name | Correlation |
|---|---|
| Ethena | -0.697 |
| Beldex | -0.674 |
| Polygon Ecosystem Token | -0.618 |
| Zcash | -0.585 |
| Sei | -0.557 |
CHELON price is negatively correlated with the top 10 coins by market cap with a price of -0.015, excluding Tether (USDT) and negatively correlated with the top 100 coins by market cap excluding all stablecoins with a price of -0.046. Currencies that are positively correlated with CHELON indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with CHELON, a move in one direction for CHELON would translate into a move in the opposite direction for the negatively correlated coin.
