♟️ $CHESS /USDT Technical Analysis (4H Chart)

📉 Current Price: $0.0669 (–0.30%)
📊 Moving Averages:

MA(7): $0.0660

MA(25): $0.0633

MA(99): $0.0668

👉 Price is sitting right on top of MA(99) — a very critical zone where either breakout or rejection can unfold.

🔄 Coiling Beneath Resistance

CHESS made a solid recovery from the $0.056 low and is now consolidating tightly at the $0.067 area.

All major MAs have started to flatten and converge — indicating a volatility squeeze could soon resolve.

🔥 Momentum Snapshot:

MA(7) > MA(25) = short-term bullish

MA(99) = overhead resistance right now

Volume is decreasing, suggesting a decision point is near — breakout or fade incoming.

🧱 Key Levels:

Resistance: $0.0680 → $0.0710 → $0.0745

Support: $0.0650 → $0.0635 → $0.0610

🎯 Trade Setup:

A confirmed 4H candle close above $0.0680 would trigger a bullish continuation toward $0.072–$0.075.

Failure to break out could push price back to test $0.063–$0.065 as support.

Tight range = good for breakout traders, but needs volume + confirmation.

⚠️ DYOR – Do Your Own Research.

This is not financial advice. Markets can be volatile — always trade responsibly!