The current price action for $CHIP shows an incredibly aggressive bullish momentum with a massive price spike visible on the hourly chart. This sudden vertical move indicates a significant breakout from previous accumulation zones, backed by substantial trading volume. While the immediate candle shows some wick at the top, the overall trend remains exceptionally strong as it holds near its recent highs. Traders should watch for a potential consolidation above the $0.055 level to confirm a support floor before the next upward continuation.
Target 1: 0.06500
Target 2: 0.07250
Target 3: 0.08100