$CHESS /USDT is currently displaying a notable shift in market behavior, suggesting that the asset may be transitioning from a prolonged bearish phase into a potential recovery structure. After experiencing steady downward pressure, the price formed a clear local bottom near the $0.017 zone, where strong buying interest entered the market. This level acted as a demand area, confirmed by a sudden increase in bullish candles and a sharp upside push. Such a move typically signals a change in market character, where sellers begin losing control and buyers step in with momentum. Following this reaction, $CHESS rallied aggressively toward the $0.028–$0.029 resistance zone, marking the first major impulsive move after the downtrend. The rejection from that level appears natural, as rapid price expansions often lead to profit-taking. However, instead of collapsing back to previous lows, the price is now stabilizing around $0.023–$0.024, which previously acted as resistance and may now flip into support. This behavior is important because it suggests the market is building a higher trading range rather than continuing its previous decline.
From a volume and momentum perspective, the chart supports the idea that this move was not random speculation but driven by real demand. The spike in trading volume near the bottom indicates accumulation, often associated with stronger hands positioning before a trend shift. During the upward push, volume remained elevated, validating the strength of the rally. The current pullback shows relatively lighter selling pressure compared to the buying phase, which typically reflects a healthy correction rather than panic selling. If $CHESS manages to hold above the $0.023 support area and volume gradually increases again, the market could attempt another breakout toward the $0.029 resistance. A successful break above that zone would strengthen bullish structure and attract momentum traders. On the other hand, a strong breakdown below $0.021 with heavy volume could invalidate this recovery scenario and suggest the recent pump was a liquidity grab. For now, the chart leans toward consolidation after expansion, with support stability being the key factor that will determine the next directional move.