Market Overview for Tranchess/USDC (CHESSUSDC)

Generated by AI AgentAinvest Crypto Technical RadarReviewed byTianhao Xu
Friday, Dec 12, 2025 9:02 am ET1min read
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Aime RobotAime Summary

- Tranchess/USDC (CHESSUSDC) fell from $0.02907 to $0.02884, showing bearish pressure below key support levels.

- A large bearish candle at $0.02868 failed to confirm reversal despite high volume, with price near Bollinger Bands' lower band.

- MACD confirmed bearish momentum while RSI remained neutral, suggesting potential consolidation near $0.02884.

- Fibonacci analysis highlights $0.0286 as next target if $0.02868–$0.02878 support breaks, with 38.2% retracement at $0.02895.

- Market awaits bullish reversal confirmation before long positions, as moderate volatility and volume suggest possible accumulation near key levels.

Summary
• Price opened at $0.02907 and closed at $0.02884, showing bearish pressure.
• A sharp dip below $0.0289 marked key support with a large bearish candle at 17:45 ET.
• Volume spiked at $0.02868 but failed to confirm a strong reversal.
• RSI remains in neutral territory, suggesting potential for consolidation or sideways movement.

24-Hour Performance


Tranchess/USDC (CHESSUSDC) opened at $0.02907 on 2025-12-11 at 12:00 ET, reached a high of $0.02923, dipped to a low of $0.02824, and closed at $0.02884 on 2025-12-12 at 12:00 ET. Total volume for the period was 115,306.3, with a notional turnover of approximately $3,299 (calculated using average price and volume).

Structure & Moving Averages


On the 5-minute chart, price closed below the 20-period and 50-period moving averages, indicating short-term bearish momentum. While the daily chart lacks data, the 5-minute action shows a breakdown below key moving averages. A bearish engulfing pattern formed at 17:45 ET, supporting the move lower.

Momentum & Volatility Indicators



MACD crossed below the signal line, reinforcing bearish momentum, while RSI hovered around the 40 level, suggesting no overbought or oversold conditions. Bollinger Bands showed a moderate contraction during the early hours, followed by expansion as volatility increased mid-cycle. Price remained near the lower band, signaling weakness.

Volume and Turnover Analysis


A large volume spike of 544,351.1 at $0.02868 was observed but failed to produce a bullish reversal, instead leading to a continuation of the decline. Turnover matched the volume closely, with no clear divergence seen. A second spike of 74,291 at $0.02917 showed strength but was met with resistance.

Fibonacci Retracements


On the 5-minute chart, the move from $0.02824 to $0.02923 saw price retest the 61.8% retracement level near $0.02888 without holding. On the daily chart, assuming a broader move, the 38.2% retracement of the recent swing is at $0.02895, which could act as a near-term support or resistance.

Market Outlook


Price appears to be consolidating near $0.02884, with potential for a test of the $0.02868–$0.02878 zone. A break below that level could target the next Fibonacci support at $0.0286. Investors should monitor volume behavior and look for confirmation of a bullish reversal before considering long positions.

Risk Consideration


While the 24-hour move shows bearish bias, volatility remains moderate. Traders should be cautious of potential breakouts or breakdowns in the next 24 hours, particularly as volume levels suggest some accumulation is possible near key levels.