$CHIP $CHIP ~ 1D
#CHIP continues to trade below a descending trendline that has been forming since the peak reached in May. This trendline has acted as resistance multiple times, consistently pushing price lower and creating a lower-high structure.
However, the latest price action is beginning to show a potential shift in momentum.
If resistance is successfully broken with a strong Daily candle, the medium-term bearish structure could become invalidated, potentially opening the door for a much larger recovery phase.
🎯 Short-term targets $0.0595 - 0.073
#Altcoin Season# #Meme Alpha# #BTC Price Analysis# #Macro Insights#
#CHIP continues to trade below a descending trendline that has been forming since the peak reached in May. This trendline has acted as resistance multiple times, consistently pushing price lower and creating a lower-high structure.
However, the latest price action is beginning to show a potential shift in momentum.
If resistance is successfully broken with a strong Daily candle, the medium-term bearish structure could become invalidated, potentially opening the door for a much larger recovery phase.
🎯 Short-term targets $0.0595 - 0.073
#Altcoin Season# #Meme Alpha# #BTC Price Analysis# #Macro Insights#
