CHIP Building Pressure – Big Move Incoming? #chipcoin #crypto #cryptocurrency #priceprediction

Added: 2026-05-05

[00:00:00]Welcome back traders. Today we are back on Chip and if you missed our previous analysis, you should check the video on this channel.

[00:00:07]As we discussed in our previous analysis, we talked about the key support level around 0.055 where I said this is our main level to watch. What I said was very clear and simple. If price comes back and respects this level, we are going to look for a buy targeting around 0.11.

[00:00:25]But if price breaks below it, we wait for a retest and look for a sell targeting around 0.009.

[00:00:32]So what is happening right now, traders?

[00:00:34]Price has not yet come back to this key support level around 0.055.

[00:00:40]Instead, we are seeing mixed movement, selling, buying and then selling again.

[00:00:46]This shows that Chip is currently accumulating liquidity and once this accumulation phase is complete, we can expect a strong expansion move in the market. For now, we are not changing anything.

[00:00:59]The key support level around 0.055 remains our main level to watch on Chip.

[00:01:05]Here's what I'm watching.

[00:01:07]If price comes back to this key support level around 0.055, respects it, and gives us a bullish candlestick confirmation, then we are going to look for a buy targeting around 0.11.

[00:01:19]On the other hand, if price breaks below this level, then the structure will change and we will wait for a retest to look for a sell targeting around 0.009.

[00:01:29]To summarize everything, the key support level around 0.055 remains our main level to watch on Chip.

[00:01:36]Respect it, we buy targeting 0.11. Break it, we wait for a retest and look for sells towards 0.009.

[00:01:44]Stay disciplined, manage your risk, and I'll see you in the next update.