๐ CHIP Near Critical Support โ Big Move Loading? ๐จ
$CHIP is trading around 0.0622 after a strong rejection from the 0.075 zone. Price is now testing a major support area while trading below the 9 MA, showing short-term bearish pressure. RSI near 33 signals oversold conditions, meaning a relief bounce could happen soon.
๐ Key Levels:
๐น Support: 0.0620
๐น Breakdown Zone: 0.0600
๐น Resistance: 0.0642 โ 0.0670
A clean reclaim above resistance may trigger bullish momentum, while losing support could open more downside liquidity. Volume remains important for confirmation.
โ ๏ธ โDisclaimer: Cryptocurrency markets are highly volatile. This analysis is for educational purposes and not financial advice. DYOR โ๏ธโ๏ธ