$CHESS (Tranchess) Quick Analysis 📉🔍
Hey Square!
$CHESS has been one of the most volatile tokens lately, especially after Binance announced its delisting on February 13, 2026 (just days away). This is the main driver behind the heavy selling.
Current Snapshot (as of Feb 9, 2026)
Price: ~$0.0082 – $0.010 (check live on Binance)
24h: Extremely volatile (swings of 15-25% in either direction reported across sources)
7d: Down ~65-70%
Market Cap: ~$1.7M – $2.2M (very low liquidity now)
A brutal downtrend with multiple strong bearish engulfing candles and long red bodies. Price smashed through $0.02 → $0.015 → $0.01 supports on high volume. Recent candles show big wicks, indicating aggressive selling on any relief rallies. The chart is in full capitulation mode.
4H / Lower Timeframes:
High volatility with several doji and hammer patterns trying to form at the lows. This often signals short-term exhaustion, but the overall structure remains bearish. Any bounce is likely to face heavy resistance at $0.012–$0.015.
Key Levels to Watch:
Resistance: $0.012 | $0.015 (former support, now strong resistance)
Support: $0.007 – $0.008 (current zone) → potential new ATL below $0.007
Outlook
The delisting is a major liquidity blow. Expect continued pressure until Feb 13, then possibly a stabilization or dead-cat bounce once the news is fully priced in. Tranchess as a DeFi yield project still exists, but the token has been hit extremely hard (down 99.9% from ATH ~$7.92).
Risky play. Perfect for gamblers, but high chance of more downside in the short term. Volume is drying up fast.
What do you think? Will chess find a bottom after delisting or keep bleeding? Drop your charts and opinions below 👇
DYOR • NFA
#CHESS #Tranchess #BinanceDelist #CryptoAnalysis #BinanceSquare $CHESS