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CHZ's recent market movement is not actually complicated in terms of logic.
This year's World Cup is happening, and this cycle inherently carries heat. The key point is that a resistance level that had been suppressed for an entire year has recently been completely broken. This is not a minor test; it is a strong breakout.
From a technical indicator perspective, the OBV has been accumulating bullish divergence signals throughout the year. Now, this signal is beginning to materialize, gradually releasing energy.
Honestly, if this rebound doesn't reach 2x or even 3x, it would be somewhat surprising. Based on the market's buildup and the coordination of indicators, the potential for further rise remains quite promising.