Tranchess (CHESS) price skyrocketed nearly 41% today as Binance launched USD-Margined perpetual contract for the token.
with the abovementioned futures listing announcements. As seen previously, even VIDT price skyrocketed nearly 59% with Binance’s futures listing approximately a week ago. At present, VIDT DAO’s weekly gains total a staggering 137%, solidifying optimism on CHESS price action ahead.
In addition, tokens POPCAT & SUN prices also rallied remarkably recently with the CEX’s futures listing. However, market stats add a tint of uncertainty on the asset’s future price movements.
Although technicals hinted at a strong buying sentiment for Tranchess, the RSI raised strong concerns. At press time, the token’s RSI hovered into an overbought territory, resting at 78. This indicates a potential price rebound may also be imminent.
Crypto market enthusiasts continue to extensively eye the crypto for future price action shifts. It’s worth noting that Coinglass data spotlighted futures open interest for the asset at $2.58 million. Moreover, the derivatives volume stood at $15.68 million after the listing announcement.
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