$CHIP Recovery Is Building, But One Resistance Stands in the Way
After a heavy post-launch correction, CHIP is showing signs of renewed buying interest.
Price rebounded from $0.04085 and is now challenging the $0.05052 resistance zone.
Key levels to watch:
- Resistance: $0.05052
- Breakout targets: $0.05300–$0.05500
- Key support: $0.04650
- Recovery origin: $0.04085
Bullish scenario: A confirmed breakout above $0.05052 could give buyers room to push toward $0.053–$0.055.
Risk scenario: A rejection at resistance could trigger another pullback. Losing $0.04650 would weaken the recovery structure.
My take: CHIP has bounced strongly, but a recovery is not yet a confirmed trend reversal. The next move depends on whether buyers can turn resistance into support. #Write2Earn #Binance #Crypto #BinancePick #EarningsSeason
After a heavy post-launch correction, CHIP is showing signs of renewed buying interest.
Price rebounded from $0.04085 and is now challenging the $0.05052 resistance zone.
Key levels to watch:
- Resistance: $0.05052
- Breakout targets: $0.05300–$0.05500
- Key support: $0.04650
- Recovery origin: $0.04085
Bullish scenario: A confirmed breakout above $0.05052 could give buyers room to push toward $0.053–$0.055.
Risk scenario: A rejection at resistance could trigger another pullback. Losing $0.04650 would weaken the recovery structure.
My take: CHIP has bounced strongly, but a recovery is not yet a confirmed trend reversal. The next move depends on whether buyers can turn resistance into support. #Write2Earn #Binance #Crypto #BinancePick #EarningsSeason