Tranchess (CHESS) Price Shoots 41% On Binance Listing, Will It Sustain?
Tranchess Token Surge: Tranchess (CHESS) experienced a significant price increase of 41% following Binance's announcement of futures trading for the token, which allows up to 75x leverage.
Market Sentiment and Future Outlook: Despite the positive momentum, concerns about overbought conditions were raised as the RSI reached 78, indicating potential volatility ahead, while other exchanges like BingX also listed CHESS futures, contributing to market optimism.
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Technical Analysis for CHESS
Technical Sentiment Analysis for Tranchess (CHESS) As of , Tranchess (CHESS) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 5 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for CHESS stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, CHESS is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Tranchess (CHESS) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -0.0206 | -0.00748 | 0.00648 | 0.0196 | 0.0335 | 0.0467 | 0.0606 |
| Fibonacci | -0.00748 | 0.00287 | 0.00925 | 0.0196 | 0.0299 | 0.0363 | 0.0467 |
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