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Khantrade 0
CHIP is experiencing extreme volatility after a parabolic spike to $CHIP 0.07175, now trading at $0.06462 with a 4.71% drop. The daily chart reveals a classic blow-off top structure, with the price far above the MA5 ($0.05677). This suggests overbought conditions and a high risk of further profit-taking. Immediate support lies at $0.055, which coincides with the MA5. If this level fails, a deeper correction to $0.045 is likely.
Resistance is firmly established at the recent high of $0.071.
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