$CHIP $ is showing early signs of recovery after a prolonged pullback, with price currently stabilizing around the 0.075 zone. The recent structure suggests a potential shift in short-term momentum as buyers slowly regain control. While the broader trend is still cautious, this base formation could act as a springboard for a bullish continuation if volume steps in. Traders should watch for confirmation rather than chasing early moves, as volatility remains present.

Price is attempting to hold above short-term support while testing the MA(7).

A break above nearby resistance could trigger a stronger upside push.

Trade Setup:

Entry: 0.074 – 0.076

Target: 0.085 – 0.095

Stop Loss: 0.069

Keep risk managed and wait for confirmation before scaling in.

CHIPUSDT

Perp

0.06419

-7.79%