GennyCruz
GennyCruz
10-26 19:09
CHIPCHIP+4.26%
MUMU+5.68%
$CHIP $CHIP ‌ is making a comeback, but can buyers reclaim the level that matters most?

CHIP is up over 21% today, bouncing from $0.0425 toward $0.055. Buyers have stepped in with solid momentum, but the daily Supertrend at $0.0621 remains the key hurdle.

Levels on my radar:

Support: $0.049 to $0.046
Major support: $0.0425
Resistance: $0.0574 to $0.0621
Previous high: $0.0717

A clean reclaim of $0.0574 could put $0.0621 back in play. If price gets rejected, holding $0.049 will be important to keep this recovery intact.

Credit to the buyers for bringing CHIP back into focus. Now the real test is whether they can turn this bounce into a sustained move.

$MU $MU ‌#BTCBattlesFor80000 #USConsumerSentimentNearRecordLow
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
0
Add a comment
Comment
StableDetective
The buyers are strong, but experience tells me that after a rapid rebound like this, if volume fails to keep up, the area near the previous high of 0.0717 becomes a trap zone. Taking profits in batches is safer
0
0
View Original
ProtocolDetective
Supertrend is clearly acting as resistance, but the 21% rebound has volume behind it, so short-term traders should keep a close eye on a breakout above 0.0574
0
0
View Original
ChartWalker
This is a classic oversold rebound setup. Whether it can turn into a trend depends on whether it can hold 0.0621 on the daily chart. Don’t rush
0
0
View Original
FlashbotDriver
0.0621 looks like a tough resistance level. Break through it and it’s a whole new ballgame; fail and it’ll head back to bottoming out
0
0
View Original
OptionFarmer
CHIP is a small-cap token, so it can pump quickly and dump just as fast. The 0.0574–0.0621 range will likely see several rounds of shakeouts, so be prepared for volatility
0
0
View Original
SpotMountain
Those who scooped it up at 0.0425 are feeling good now. The key is whether it can hold 0.049; if not, giving back those profits will really sting
0
0
View Original