$CHIP /USDT is under pressure.
Price sits at 0.07890, down 16.26%, after rejecting the 0.10870 zone and sliding steadily into a clear downtrend. The 24h range shows volatility tightening between 0.09519 high and 0.07579 low, with price now hovering just above that key support.
Volume remains active with 764.43M CHIP traded, suggesting strong participation despite the drop. Recent candles show minor consolidation near the bottom, hinting at a possible pause—but no confirmed reversal yet.
Key levels to watch:
Support: 0.07579
Resistance: 0.08862 – 0.09519
Trend remains bearish unless buyers reclaim higher zones. A breakdown below support could trigger another leg down, while a bounce from current levels may spark a short-term recovery.
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