$CHIP Looks Ready For A Violent Move As Price Compresses Near Key Support Zone

Current price is holding around 0.05310 after touching the daily low at 0.05235. Volume remains extremely high with over 378M CHIP traded, showing aggressive market activity while funding stays negative at -0.0860%, signaling shorts are still crowded.

RSI is attempting recovery from oversold territory while MACD momentum is flattening, hinting that volatility expansion could hit at any moment. Bulls must defend the current support zone or sellers may force another liquidity sweep lower.

Trade Setup

Entry Zone: 0.05310 – 0.05320

TP1: 0.05389

TP2: 0.05441

TP3: 0.05518

SL: 0.05208