Highlights
Chimpee, the project behind the hyped CHMPZ tokens, combines the best of both worlds. It drives truly noble causes and a community driven by fun and a genuine desire to make a difference. Chimpzee means passion for our world, and remotely, everyone shares in this passion. With the Charity Tickets gaining momentum and the first winner of $100 worth of SOL to be picked soon, and a promise to channel funds to reducing CO2, saving near-extinct species, and planting trees across the globe, CHMPZ may be ready for an uptrend.
Billions of dollars already go to organizations promoting green energy, animal protection, and afforestation. With just $2.3 billion in global contributions to afforestation and C02 reduction, the world is still about $12.7 billion short of the required $15 billion to pursue such causes. Chimpzee is a movement to boost these numbers and a unique opportunity to combine Web3’s casual investment sense attitude with something genuinely worthwhile.
Well, CHMPZ isn’t all about charity. It is a positive movement with a social component. Meme coins still account for around 22% of the cryptocurrency market share, valuing them at approximately $60 billion. CHMPZ is already generating a lot of hype across X and other inner-circle communities in crypto. If such positivity and bullish attitude continue, there is a good chance CHMPZ will trend upwards.
Looking at the weekly chart, the CHMPZ price is consolidating around the May 19 resistance, but the price has sustained a trend above the 200-day moving average, indicating a bullish buildup. A pullback will see CHMPZ hitting the first support line at $0.00001578, while a breakout could see CHMPZ reaching and breaking resistance $0.0001531.
A similar trend is observable on the daily chart, with the price still clearly above the 200-day moving average while the MACD line is above the signal line. While the price continues to trend sideways, there will likely be a trend to the upside soon. We cannot say how soon; however, the recent positive developments around the project may contribute.
Going over to the 4-hour timeframe, we notice a slight breakout of the uptrend to the downside, which was sharply corrected at the 200-day moving average. The bounce off the 200-day moving average indicates a strong bullish trend; however, buyers need to keep buying to sustain the bullish momentum.
With a solid team and a promise to do good along the way, CHMPZ is winning a lot of whales over, and the buy pressure may force sellers out soon. With little to no issues on the technical and fundamental point of view, it is worth it to buy CHMPZ now, although further research is always advised.
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