【Watch Down】
CHIP is currently quoted at 0.0371, down 9.43% over the past 24 hours, still down 35.61% over the past 7 days. Intraday range: 0.0363–0.0416, with a volatility of 14.7%.
【Market View】
During the day, CHIP moved steadily lower within 0.0363–0.0416, and the rebounds were clear but low in volume.
The rebound came with shrinking volume, while the sell-off came with expanding volume—volume-price structure is bearish.
Meanwhile, the broader market is down 1.49%, but CHIP is down 9.43%, performing worse than the market average.
In the short term, it is biased bearish.
【Bearish Rationale】
It slid from 0.0416 all the way down to around 0.0371, and the short-term focus is still shifting downward.
A 9.43% drop over 24 hours suggests that the active selling pressure has not yet exhausted.
A 9.43% decline does not necessarily mean it has bottomed—before catching the “falling knife,” check the volume first.
If the rebound cannot gain volume and reclaim 0.0416, treat it as weak consolidation.
$CHIP #CHIP
CHIP is currently quoted at 0.0371, down 9.43% over the past 24 hours, still down 35.61% over the past 7 days. Intraday range: 0.0363–0.0416, with a volatility of 14.7%.
【Market View】
During the day, CHIP moved steadily lower within 0.0363–0.0416, and the rebounds were clear but low in volume.
The rebound came with shrinking volume, while the sell-off came with expanding volume—volume-price structure is bearish.
Meanwhile, the broader market is down 1.49%, but CHIP is down 9.43%, performing worse than the market average.
In the short term, it is biased bearish.
【Bearish Rationale】
It slid from 0.0416 all the way down to around 0.0371, and the short-term focus is still shifting downward.
A 9.43% drop over 24 hours suggests that the active selling pressure has not yet exhausted.
A 9.43% decline does not necessarily mean it has bottomed—before catching the “falling knife,” check the volume first.
If the rebound cannot gain volume and reclaim 0.0416, treat it as weak consolidation.
$CHIP #CHIP
