$CHESS / USDT analysis on 1d

💹 **Price Evolution & Trend Analysis**
The current price of $CHESS is $0.0674, with a recent bearish trend indicated by a bearish MACD crossover and a DYOR trend score of -20. The price has fluctuated around $0.067-$0.075, indicating potential resistance around $0.0837, the trendline resistance.

📉 **Market Strength**
The RSI at 46.23 and Stochastic RSI K at 30.27 suggest a neutral to weak bearish momentum. Despite a bullish divergence in the OBV, the overall market sentiment leans bearish due to the downward trending moving averages.

🔄 **Reversal Potential**
Given the SuperTrend state is marked as "buy," a reversal might occur if the price breaks the current resistance level. If it retains bullish momentum, targets could be set around $0.075 (previous resistance) with a stop-loss at $0.061 (just below the recent support level).

📊 **Summary**
In summary, $CHESS displays mixed signals. While bearish trends dominate, signs of potential recovery exist. Conservative traders should monitor for a clear breakout above $0.070 for a long position. Target: $0.075 | Stop-loss: $0.061.

This content is generated by AI and does not constitute investment advice.
Do your own research before investing in any asset, and only invest what you can afford to lose.