### Technical Analysis Report for $CHESS /USDT

The current price of CHESS/USDT is $0.1446, representing a decline of 8.88% over the past 24 hours. The asset has shown significant volatility, reaching a high of $0.1593 and a low of $0.1436 during this period. This downward trend follows a recent peak at $0.1792, indicating a bearish momentum in the market.

Key support is identified at $0.1436, aligning with the 24-hour low, while resistance is noted at $0.1593. The trading volume for CHESS over the last 24 hours is approximately 11.56 million, with USDT volume at 1.75 million. This level of trading activity suggests moderate market engagement, contributing to ongoing price fluctuations.

To refine trading strategies, traders should consider utilizing technical indicators such as moving averages, the Relative Strength Index (RSI), and the Moving Average Convergence Divergence (MACD). An RSI reading above 70 may indicate overbought conditions, while a reading below 30 could suggest oversold conditions, helping traders identify potential reversal opportunities.

In summary, the bearish sentiment surrounding CHESS/USDT underscores the importance of monitoring key support and resistance levels. Traders should remain vigilant for potential reversal signals near the support level while keeping an eye on broader market dynamics before making trading decisions. Adapting strategies based on technical analysis will be crucial for navigating the current volatility.

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