CHESS has recently experienced a good rally, with a 27.41% increase over the past 24 hours. There are several reasons behind this rebound that are worth noting.

From a technical perspective, CHESS is currently showing clear buy signals, and the rebound momentum is quite strong. It’s important to remember that this token has historically accumulated a threefold increase, so if it can hold steady at key levels, there is indeed potential.

On the macro level, positive factors are also supporting the market. The regulatory attitude towards cryptocurrencies is shifting, with SEC commissioners who are anti-crypto resigning, which is a positive signal for the entire industry and will naturally boost the token’s performance.

Community sentiment also reflects this—about 80% of discussions are optimistic, with everyone talking about rising prices and bullish outlooks. This kind of sentiment can indeed help push short-term trends.

However, it’s important to note that FOMO is quite strong lately. If you’re trading CHESS contracts in the short term, it’s best to set stop-losses and aim for a profit target of around 5-10%. Taking profits when the market looks good is a more cautious approach.