$CHESS
Delisting Crisis:The primary driver for CHESS right now is the official announcement by Binance to delist the token on February 13, 2026
Price Crash: Since the news broke on February 2nd, the price has plummeted from approximately $0.033 to a low of $0.026, a drop of over 20
Liquidity Risk:As the world's largest exchange, Binance's exit will significantly reduce trading volume and liquidity, making large trades difficult
Protocol Fundamentals:Despite the delisting, the Tranchess protocol remains a unique yield-enhancing asset tracker on the BNB Chain, though its"Mainnet"narrative has weakened
Technical Breakdown:CHESS has broken through key support levels at$0.030 and $0.028,turning these previous floors into heavy resistance
Oversold Signals: The 4-hour RSI has dipped into the"Oversold"zone (under 30), which may lead to a brief "Dead Cat Bounce" as traders scalp the volatility
Whale Activity: On-chain data shows a"mass exodus"from major centralized wallets, with over 531k CHESS flowing out of CEXs in the last 24 hours
Ecosystem Pressure: The broader market decline, with Bitcoin testing $70,000, is adding further weight to an already struggling altcoin
Withdrawal Deadline:Users have until May 2026to withdraw their assets from Binance, which may lead to a slow, persistent sell pressure over the coming months
Last Hope:Any recovery now depends entirely on whether other major exchanges like Coinbase or Upbit choose to pick up the liquidity or if the team announces a major pivot
7-Day Price Performance Chart
The chart below captures the"cliff-edge"drop following the delisting announcement on February 2nd and the current attempt at stabilization
Verdict: Bullish or Bearish?
Short-Term Verdict:STRONGLY BEARISH The upcoming delisting on February13th is a "black swan"event for CHESS.Expect high volatility and further downside as the deadline approaches and"forced selling"from automated bots and copy traders takes place
Long-Term Verdict:NEUTRAL/UNCERTAIN The coin is currently in"survival mode"Unless the project can secure a new Tier-1