🔍 CHESS/USDT Analysis (Daily Chart): Key Levels 🚀

🔍 Current Price: $0.1249

⚠️ Resistance: $0.1797

🛡️ Support: $0.0877

🔥 Chart Insights:

• Volume Profile: Strong resistance at $0.1797, with a significant volume node at this level. The next support is at $0.0877, which could act as a critical low if the price falls below the current level.

• Bollinger Bands: Price is near the lower band, indicating possible oversold conditions, but no strong reversal signals yet.

• MACD: The MACD is in a bearish zone, showing weak momentum with no immediate signs of a reversal.

🎯 Market Sentiment:

• The sentiment remains bearish overall, with significant resistance overhead. Caution is advised until a clear breakout or stronger reversal signals emerge.

🛠️ Takeaways:

• Bullish: A breakout above $0.1797 could target $0.25.

• Bearish: A failure to hold $0.1249 might lead to a drop towards $0.0877.

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