As a PoS token for chess game ecology, ChessCoin (CHESS) has a rebound opportunity in the short term (target 0.1-0.15 USD), and its annual staking income of 32% and recent BNB chain support (TVL ranked fourth) are highlights. However, we need to be wary of its high-risk attributes: the market value is only 20 million USD, the liquidity is low, the community activity is weak, and the price fluctuates violently.
Technically, pay attention to the support level of 0.0587 USD and the resistance level of 0.0807 USD, and combine the RSI indicator to judge the buying and selling timing. The long-term ecological development depends on the growth of game platform users. At present, the data is insufficient and the uncertainty is high. It is recommended to participate in the short-term with only a very small position, strictly stop loss, and give priority to observing market sentiment and on-chain fund movements. For investment, it is recommended to participate in the short-term with a very low position and strictly stop loss!
$CHESS
