📈 Analysis and Forecast for $CHESS : What are the further prospects? 🚀
As of June 7, 2025, 17:35 EEST, the rate $CHESS on Binance is $0.0668, with an increase of 8.5% over the last 24 hours. The trading volume for the day is about $2.10M, and the market capitalization is $39.06M (with a circulating supply of 195.77M tokens). The increase is associated with interest in Tranchess and its role in DeFi.
Technically, $CHESS is demonstrating bullish momentum. On the 4-hour chart, the 50-day SMA is increasing, while the 200-day SMA is stabilizing, indicating an upward trend. The RSI (14) is around 60, signaling a neutral zone, while the MACD confirms a moderate upward movement. Key resistance is $0.070, a breakout above may push the price to $0.075. A drop below $0.060 will increase pressure to $0.055.
Forecast: By the end of June, CHESS could reach $0.070–$0.075 if volumes are maintained. By July 2025, a pullback to $0.060 is possible if the market corrects. By the end of the year, the target is $0.10–$0.12, assuming ecosystem growth. Long-term potential for 2026 is $0.20+, if the project strengthens its positions. Fundamentally, $CHESS is attractive due to its risk/return flexibility, but volatility is a risk.
Further prospects? The price of $0.0668 is close to resistance at $0.070, and the RSI at 60 indicates potential growth. The 8.5% increase over 24 hours is a signal to take profits at $0.070–$0.075. Set a stop-loss at $0.055. Posts on X indicate a bullish sentiment but advise monitoring volumes. Trade cautiously and keep an eye on the news! #CHESS #Binance #CryptoAnalysis
