SwissBorg Technical Analysis: CHSB/UDS blasts through $0.12 and it’s up 48% in the last 24 hours

  • CHSB/USD is up 47.85% in the last 24 hours after a massive recovery.
  • The consolidation period for SwissBorg seems to be over with bulls taking over.

SwissBorg is trading at $0.12 at the time of writing but hit $0.132 on June 29. The digital asset is up by almost 48% in the last 24 hours after it plummeted down to $0.071. The consolidation has been quite violent for CHSB/USD, not really surprising though. Considering the massive bull run, this pullback should be considered healthy. 

CHSB/USD daily chart


The daily chart should still be considered to be in an uptrend. Buyers have managed to push CHSB above the daily 26-EMA and the 12-EMA at $0.102 and $0.116, respectively. The next resistance level is all the way up at $0.16 which means bulls have a lot of space to work with. There is a big chance for CHSB to form a lower high followed by a higher low and establish a daily equilibrium pattern.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Cryptos feed

Latest Crypto News

Latest Crypto News & Analysis

Editors’ Picks

War for dominance hit the bedrock of the market

The cryptocurrency market reaches the end of the week with widespread declines in the crypto market. The week has been dominated by a boiling Altcoin segment that has set very significant rises.

More Bitcoin News

BCH/USD in retreat after gaining 7% in a matter of minutes

Bitcoin Cash (BCH) is still in a red zone on a day-to-day basis; however, the coin recovered strongly from the intraday low of $232.60 and hit $240.00 in a matter of minutes. At the time of writing, BCH/USD is changing hands at $237.00.

More Bitcoin Cash News

ADA/USD extends the decline, $0.1000 at risk

Cardano (ADA) extended the decline and hit $0.1102 on Friday. The coin has lost 20% from the peak of $0.1386 reached on July 8. At the time of writing, ADA/USD is changing hands at $0.1120, down 9% in the recent 24 hours.

More Cardano News

ETH/USD volatility ousted as DeFi skyrockets to $2 billion

Ethereum alongside the largest cryptocurrency, Bitcoin are dealing with a peculiar situation characterized by low trading volume, poor investor interest as well as the lack of catalysts.

More Ethereum News


Bitcoin Weekly Forecast: BTC volatility drops to a year low, get ready for a spiral drive

The week was tough for the cryptocurrency markets confined to tight ranges. Bitcoin has lost 1% of its value during the recent seven days with the trading range limited by $9,298 on the upside and $8,933 on the downside.

Read the weekly forecast