$CHIP
/USDT is currently trading in a short-term downtrend, forming lower highs and lower lows on the 15-minute timeframe. The recent price drop is mainly driven by increased selling pressure and weak buying volume, as sellers dominate the market. According to the chart, the key support level stands around 0.0897, which has previously acted as a strong demand zone. On the upside, immediate resistance is seen near 0.1010, followed by a stronger resistance zone between 0.1070 and 0.1100.
If the price manages to hold above the 0.0897 support, a short-term bounce toward 0.1010 is possible. However, a breakdown below this level could push the price further down toward the 0.085 area. Traders should wait for clear confirmation before making any moves in this uncertain market condition.
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