$CHESS has shown a 2.778% increase in the past 24 hours, indicating a bullish sentiment.
The price fluctuated between 0.0701 and 0.0762, with the current price approaching resistance.
Bollinger Bands suggest potential for continued upward movement, as the price is near the upper band.
Support at 0.0701 offers a safety net should correction occur.
Macroeconomic instability could impact crypto sentiment, but no immediate threats are evident.
Bitcoin’s influence appears limited at this moment, allowing CHESS to trend independently.
Traders may benefit from a short-term approach given the volatility.
Key takeaway: Monitor the resistance level closely, as a breakout could signal strong bullish momentum.
