Chompin' at the bit

30 Jan

CHOMP 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.

kemarin dulu

Catatan

The thing about memecoins or DEX coins is that tradingview doesn't cover the entire history.

Chomp had a presale in April, where the price was something like 0.00001 , so when it visited $1 in May, it means it'll take a good chunk of a year for those sellers to finish exiting, and then for the price to consolidate in preparation for another big run.

I am expecting it to pull a TOSHI and run hard. Time is unknown, but $0.20 would be my expectation for the next stop. Could be within 2 weeks if we don't see any FUD news come out.