Market Overview for Tranchess/USDC (CHESSUSDC)

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Monday, Dec 29, 2025 8:47 am ET1min read
USDC
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Aime RobotAime Summary

- Tranchess/USDC (CHESSUSDC) broke below key resistance at $0.03446, forming a bearish engulfing pattern during 10:15–10:30 ET.

- Volume surged during the early session, confirming bearish momentum as price fell sharply near $0.03415 support.

- RSI hit oversold levels (29) while MACD remained bearish, with Bollinger Bands widening to highlight heightened volatility.

- Price tested the 61.8% Fibonacci retracement at $0.03435, suggesting potential short-term buying interest if buyers emerge.

- A sustained move above $0.0345 could signal reversal, but continued bearish pressure risks testing $0.03383 support.

Summary
• Price action showed a distinct breakdown from prior resistance, with key support tested around $0.03415.
• Volume surged during the early session, especially around 18:15 ET, confirming bearish momentum.
• RSI dipped into oversold territory near 30, suggesting a potential rebound, but MACD remained bearish.
• Volatility expanded through the day, with Bollinger Bands widening and price trading near the lower band.
• Fibonacci retracement levels indicated a possible bounce from the 61.8% level at $0.03435 if buyers emerge.

The 24-hour session for Tranchess/USDC (CHESSUSDC) began at $0.03521, hit a high of $0.03595, and closed at $0.03435 by 12:00 ET. The pair traded as low as $0.03383 during the session. Total volume reached 115,070.6 and turnover amounted to $3,996.98.

Structure & Formations


Price broke below a key resistance level at $0.03446, forming a bearish engulfing pattern around 10:15–10:30 ET. A strong rejection at $0.03415 in the final hours suggested short-term support, but a test of $0.03383 could follow if sellers remain active.

Moving Averages


Short-term moving averages on the 5-minute chart (20/50) remained bearish, with the 20-period line crossing below the 50-period line. Daily chart indicators (50/100/200) suggest a broader bearish trend, with price below all three.

Momentum & Indicators


RSI dropped to 29, signaling an oversold condition, but MACD showed bearish divergence. Bollinger Bands widened during the session, indicating heightened volatility, with price trading near the lower band, consistent with continued downside pressure.

Volume & Turnover


Volume surged during a key bearish move from $0.0355 to $0.03474, confirming the downward shift. Turnover spiked during the early session, particularly around 18:15 ET when price fell sharply. However, volume declined in the final hours, suggesting a potential consolidation phase.

Fibonacci Retracements


The recent 5-minute swing from $0.03595 to $0.03383 showed price testing the 61.8% retracement level at $0.03435, a potential area for short-term buyers. A rebound from this level may offer a tactical entry point, but a break below $0.03415 could extend the decline.

Looking ahead, price may find a near-term bottom near $0.03383 or $0.03415, but a sustained move above $0.0345 would be needed to signal a reversal. Investors should monitor volume behavior and RSI for signs of a reversal or continued bearish momentum.