$CHIP breaks to a new weekly high! A 15.69% gain is just the beginning—the bulls are targeting 0.05092
Guys, $CHIP just hit a new high for the week, surging +15.69%—this move is seriously strong!
Look at the 15-minute chart: over the past hour, the highs of the last four candles have climbed steadily: 0.04995 → 0.05018 → 0.05042 → 0.05051. The lows have been rising too. This is a textbook short-term bullish structure: every pullback is quickly bought up, leaving the bears no chance.
The four-hour chart looks just as strong. It opened at 0.04912 and closed at 0.05045, up 2.71%. The intraperiod high was 0.05051 and the low was 0.04819. The solid bullish candle is holding firm, showing this wasn't just a brief spike—real buying pressure drove the move.
Although volume over the past two hours was down 7.15% compared with the previous two hours, the price is still consolidating near its highs without falling. A rise on lower volume like this often means selling pressure is very light and holders are keeping their positions, so even a little buying can push the price higher.
The key levels are clear: 0.04935 below is the bulls' line of defense, with strong support at 0.04818. As long as that level holds, the short-term bullish outlook remains intact. The resistance above is also clear—my target is 0.05092. A breakout on higher volume would open up more upside, and the next rally could start at any moment.
The price is now approaching the resistance zone. It could break through directly, or pull back to around 0.04935 to build strength before moving higher. Either way, the bullish outlook remains unchanged. A break below 0.04818 would be the point to withdraw the short-term bullish view.
The trend for $CHIP is already underway. Don't get off too soon—hold on to your coins, with 0.05092 as the first target!
Guys, $CHIP just hit a new high for the week, surging +15.69%—this move is seriously strong!
Look at the 15-minute chart: over the past hour, the highs of the last four candles have climbed steadily: 0.04995 → 0.05018 → 0.05042 → 0.05051. The lows have been rising too. This is a textbook short-term bullish structure: every pullback is quickly bought up, leaving the bears no chance.
The four-hour chart looks just as strong. It opened at 0.04912 and closed at 0.05045, up 2.71%. The intraperiod high was 0.05051 and the low was 0.04819. The solid bullish candle is holding firm, showing this wasn't just a brief spike—real buying pressure drove the move.
Although volume over the past two hours was down 7.15% compared with the previous two hours, the price is still consolidating near its highs without falling. A rise on lower volume like this often means selling pressure is very light and holders are keeping their positions, so even a little buying can push the price higher.
The key levels are clear: 0.04935 below is the bulls' line of defense, with strong support at 0.04818. As long as that level holds, the short-term bullish outlook remains intact. The resistance above is also clear—my target is 0.05092. A breakout on higher volume would open up more upside, and the next rally could start at any moment.
The price is now approaching the resistance zone. It could break through directly, or pull back to around 0.04935 to build strength before moving higher. Either way, the bullish outlook remains unchanged. A break below 0.04818 would be the point to withdraw the short-term bullish view.
The trend for $CHIP is already underway. Don't get off too soon—hold on to your coins, with 0.05092 as the first target!
