$CHESS

CHESS

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CHESS (Tranchess) – short analysis

Strong move today: +35% shows a momentum spike, likely driven by short-term buying and low liquidity.

Trend: Still down overall on higher timeframes, but a relief bounce is in play.

Resistance zone: Around 0.010–0.011 → price may struggle here.

Support: Near 0.0085–0.009 → holding above this keeps the bounce alive.

Fundamentals: DeFi structured products, buyback mechanism is a plus, but adoption is moderate.

📌 Quick take

Short-term: Bullish momentum but profit-taking risk is high after such a fast pump.

Mid-term: Needs volume + market support to reverse the larger downtrend.

Risk: High volatility, moves fast both up and down.#USTechFundFlows #WhaleDeRiskETH #RiskAssetsMarketShock #WarshFedPolicyOutlook