CHIP/USDT (1h) Testing Falling Wedge Support

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CHIP/USDT (1h) Testing Falling Wedge SupportCHIP / TetherUSBINANCE:CHIPUSDTuser0_0xCHIP/USDT is trading inside a falling wedge on the 1H chart, with price continuing to form lower highs and lower lows while the structure gradually compresses. Price is now testing the lower boundary around $0.0445–$0.0450, making this a key area for buyers to defend. A strong bounce from support followed by a breakout above the descending resistance could confirm a bullish reversal and open the way toward the $0.0550–$0.0560 target area. A confirmed breakdown below the lower wedge support would invalidate the bullish setup and favor further downside.