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#Gate13周年现场直击 One day, a talk about a knockoff CHIP:
The logic behind this wave of CHIP market movement is a complete closed loop; we’ll explain it all at once—from its past, present hype, to the bullish outlook for the future!
In its past life, it was a niche knockoff that long-term lurked at a low level of 0.028, consolidating sideways for a long time, accumulating chips without excessive hype, quietly gathering explosive energy; in this life, it was directly triggered by capital inflows, soaring all the way to a high of 0.14, with a short-term increase of over 380%, becoming a recent dark horse top trend in the knockoff circle. The pullback after the surge is not a trend end but a healthy shakeout, clearing out floating chips and solidifying support.
Now, CHIP’s popularity across the entire network remains high; even during high-level oscillations and corrections, capital attention and community discussion stay at the forefront. Previously, major exchanges listing it and institutional funds backing it pushed the hype to its peak. Now, it’s just shifting from collective chasing to a battle between bulls and bears, with the hype still intact.
From the chart, during the correction phase, the core support at 0.104 repeatedly held, the Bollinger Bands are tightening to gather strength, and the bulls are continuously supporting, showing a typical upward continuation pattern. The outlook remains bullish; as long as the support isn’t broken, the correction will soon end, and the price will restart its rally, once again challenging previous highs and opening a new wave of trend.
Suggestion: A pullback is a buy signal, targeting 0.14-0.2, with a medium to long-term view above 0.5. $GT $SOL $CHIP #Gate13周年现场直击 #孙宇晨起诉WorldLibertyFinancial