Chompin' at the bitCHOMP had an incredible run back in May, and has been consolidating and capitulating since then. It was a hard hold for many, but with the recent focus on the BASE chain tokens like TOSHI, CHOMP is ready to ascend.
I'm expecting this was a fakeout above the top of the funnel before the breakout - the final 60% capitulation this last week, after 2 previous -70% capitulations since November. Sellers are exhausted.
Likely to meet resistance around $0.30 and $0.50.
Market sentiment is very anxiety-prone right now. Preemptive profits are being taken daily on all coins, so the ride back up to the All Time High of $1.00 will likely be met with many -50% days. Stay on the train, don't get left behind.
