$CHESS /USDT price is currently $0.03007 (Rs8.45), and it has shown a solid pump of approximately 7% in the last 24 hours, which includes it among today's gainers. Sentiment seems bullish in the short-term, as the price is trading above all its important moving averages (MA 7, 25, 99). Looking at the order book, buying pressure is over 76%, which is a clear signal of strong accumulation. Immediate support is around $0.02940 (MA 7), while if the price goes up, the first resistance is at $0.03037 (recent high). If this breaks, the next target seems reasonable at $0.0310.
However, keep in mind that monthly and quarterly charts are still deeply red, so this pump can also be seen as a bounce within a larger downtrend. Caution is necessary when entering without confirmation.
