CHZ climbed roughly
↗3.7%
over the past 24 hours despite heavy selling pressure, with nearly three times as many people selling as buying.
Price rises despite selling pressure
CHZ rose roughly
↗3.7%
over the past 24 hours while trading volume jumped approximately
↗65%
over the same period, yet sellers outnumbered buyers nearly 3-to-1, creating a contradictory setup.
Trading activity surges sharply
Trading volume surged roughly
↗65%
over the past 24 hours and approximately
↗76%
over the past week, though the number of people trading fell around
↘22%
over the past day, suggesting the volume spike may reflect repositioning rather than broad interest.
Broader market faces headwinds
The gain came as the broader crypto market slipped on Middle East tensions pushing oil prices higher, though Layer 1 tokens showed relative strength with buying interest increasing across the category over the past day.