CHIP/USDT Update 📉

CHIP is currently trading around $0.1036, up +18% on the day — but the bigger picture still looks weak.

📊 Market Structure:

* Clear lower highs after the $0.1406 peak

* Price struggling below key moving averages

* Bounce looks weak, not a confirmed reversal

⚠️ Key Levels:

* Resistance: $0.109 – $0.112 → Must break for bullish momentum

* Support: $0.098 / $0.090 → Key downside zones

📉 Short-Term Outlook:

Unless CHIP reclaims $0.112, this looks like a sell-on-rise / consolidation phase

📈 Bullish Scenario:

Break & hold above $0.112 → potential move toward $0.12+

💡 Takeaway:

Right now, this is not a strong breakout setup.

Better to wait for:

* A clean breakout with volume

* Or a dip into support for safer entries

CHIP
CHIPUSDT
0.07693
+8.62%