Post
Khantrade 0
CHIP is experiencing extreme volatility after a parabolic spike to $CHIP 0.07175, now trading at $0.06462 with a 4.71% drop. The daily chart reveals a classic blow-off top structure, with the price far above the MA5 ($0.05677). This suggests overbought conditions and a high risk of further profit-taking. Immediate support lies at $0.055, which coincides with the MA5. If this level fails, a deeper correction to $0.045 is likely.
Resistance is firmly established at the recent high of $0.071.
Disclaimer: OKX Orbit content is provided for informational purposes only. Learn more
Replies
No comments yet. Be the first to reply!
Trending crypto
BTC/USDTBitcoin
$80,801.9+0.01%
ETH/USDTEthereum
$2,357.16+0.02%
SOL/USDTSolana
$102.3+0.03%
Today’s market buzz
1#WillFedPauseInOctober
2#AIMemoryDemand
3#MiddleEastOilSupplyRisk
