š CHESS/USDT Analysis (Daily Chart): Key Levels š
š Current Price: $0.1249
ā ļø Resistance: $0.1797
š”ļø Support: $0.0877
š„ Chart Insights:
ā¢ Volume Profile: Strong resistance at $0.1797, with a significant volume node at this level. The next support is at $0.0877, which could act as a critical low if the price falls below the current level.
ā¢ Bollinger Bands: Price is near the lower band, indicating possible oversold conditions, but no strong reversal signals yet.
ā¢ MACD: The MACD is in a bearish zone, showing weak momentum with no immediate signs of a reversal.
šÆ Market Sentiment:
ā¢ The sentiment remains bearish overall, with significant resistance overhead. Caution is advised until a clear breakout or stronger reversal signals emerge.
š ļø Takeaways:
ā¢ Bullish: A breakout above $0.1797 could target $0.25.
ā¢ Bearish: A failure to hold $0.1249 might lead to a drop towards $0.0877.