/USDT Technical Analysis
Currently trading at $0.1540, CHESS has shown a significant upward trend of 7.09% in the past 24 hours. However, we need to keep a close eye on potential price targets and support levels.
Key Levels to Watch:
1. Resistance Level 1: $0.1633
This level marks the 24-hour high, which may act as a resistance point. A breakout above this could lead to further bullish momentum.
2. Support Level: $0.1412
The 24-hour low indicates strong support. A drop below this level could signal a bearish trend, necessitating caution from traders.
3. Target Level: $0.1700
If buying pressure increases, CHESS could aim for the psychological resistance at $0.1700, where traders might look to take profits.
Conclusion:
As we analyze CHESS, it's crucial to monitor these key levels closely. The market's volatility and trading volume, particularly the recent volume of 99.82M for CHESS, suggest that traders should stay alert and adjust their strategies accordingly. Always perform your due diligence before making any trading decisions!
Stay tuned for more updates and insights!
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