$CHIP
CHIP
0.06343
-9.11%
made a strong move higher on BingX after forming a steady base, pushing aggressively into the 0.088 region where momentum peaked and early buyers started taking profits. The rejection from that level came with a noticeable increase in volume, signaling that sellers were active and distribution likely took place rather than just a weak pullback.
Price is now hovering around a key short term support zone, where the next move should soon become clear. If buyers step in with strength, a bounce could follow, but continued weakness may lead to a deeper retracement before any meaningful recovery attempt.