Summary
• Price surged 1.11% on strong volume in late-night trade.
• RSI suggests overbought conditions near 75.
• Volatility stabilized after an early morning breakout.
• No divergence between price and turnover.
• Key resistance appears at $0.03374–0.03386.
Price and Volume
Tranchess/USDC (CHESSUSDC) opened at $0.03278 on 2025-12-21 12:00 ET, reached a high of $0.03386, fell to a low of $0.03243, and closed at $0.03347 by 12:00 ET on 2025-12-22. Total volume was 173,693.4, with turnover amounting to $5,817.87.
Structure and Momentum
Price advanced through a consolidation range, forming bullish engulfing patterns near $0.03305 and $0.03344. The RSI reached 74.3 at the peak, signaling overbought conditions. A bearish reversal candle at $0.03310 suggested caution in late morning trading.
Volatility and Indicators
Bollinger Bands showed a modest widening as the price moved above the 5-minute moving average. The 5-minute 20-period MA crossed above the 50-period MA, indicating short-term bullish momentum. MACD remained in positive territory but with narrowing divergence.
Fibonacci and Support/Resistance
A key Fibonacci level at 61.8% ($0.03310) was tested and held briefly, but price pushed higher. The immediate resistance appears at $0.03374–0.03386, while critical support lies at $0.03302–0.03305.
The market may test $0.03374 in the next 24 hours for a potential breakout. Traders should monitor volume for confirmation or reversal signals.
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