- After a recent decline, Chromia (CHR) shows signs of a significant price surge amid a bullish crypto market.
- CHR’s price has increased by 6.90% in the past 24 hours, with a market cap of $268.38 million.
- Experts suggest a successful breakout could lead to a 10x return for CHR investors.
Chromia (CHR) is positioning for a strong price increase after a recent pullback, and the altcoin is now positioned at the cusp of a breakout. With the broader cryptocurrency market now in a phase of adoption, propelled by Bitcoin’s recent surge to new all-time highs, altcoins such as CHR are in the line of sight for investors and are positioned for extreme growth.
At the time of writing, Chromia changes hands at $0.330346, with the 24-hour trading volume at $47.25 million and a market capitalization of $268.38 million. In the last 24 hours, the price has appreciated by 6.90%, an indication of positive momentum. The market dominance is still at 0.01%, but it tends to grow in a market where several altcoins are gaining traction.
Altcoin Market Shows Signs of New Bullish Trend
More so, the recent price action in the altcoin market has taken a leaf from the powerful altseason of 2020 that was led by a cup and handle pattern followed by a pinbar above a broken neckline.
Currently, a similar formation is setting up, and a pinbar has formed this week, which could mean that very soon, the altcoin might trace a similar bullish track. With this, many market observers are now asking if this could be the beginning of a new altseason, which might actually start tomorrow.
Chromia Set for Surge with 10x Return Potential
Crypto expert Captain Faibik pointed to the potential for CHR to break to the upside, noting that any successful upside breakout would usher in the beginning of the sustained bull run. The breakout could signal a 10x return for the investors in CHR in the long term, thus making it very attractive for those looking to join in to exploit the altcoin’s full potential.
While the market is heating up, the prospects look very strong for Chromia, and this surge in the upcoming days may take its price to another level. Investors and traders will watch the performance of this coin, and in case of breakout, there may be huge gain, as seen by all in the prevailing favorable environment created for altcoins.
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