Why is The Chintai (CHEX) Token Up Today?
The Chintai (CHEX) token is up almost 52% previously 24 hours and round 120% over the previous seven days, sharply beating the broader crypto market. The transfer is not random.
Fundamentals, on-chain demand, and a clear chart breakout are aligning on the similar time, explaining why the CHEX value is shifting now. And why would possibly it encounter a pause subsequent!
RWA Demand Continues Into 2026 as Whales and Retail Buy
The Chintai (CHEX) token is the native token of the Chintai community, a regulated real-world asset infrastructure platform. It sits throughout RWA, DeFi, and settlement layers, which is why it seems in a number of classes, making it related to each cycle. RWA was one of the strongest crypto sectors last year, and that momentum is now bleeding into early 2026.
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Chintai’s positioning has been in place for a while. Its Chainlink CCIP integration was introduced earlier, enabling cross-chain settlement and asset motion. The value transfer suggests this setup is now being repriced as RWA demand stays related, not due to new headlines.
On-chain knowledge confirms patrons are chasing power. Over the previous seven days, the highest 100 CHEX wallets on Solana elevated their holdings by 7.19%, bringing their mixed steadiness to 90.44 million CHEX. That means roughly 6 million tokens had been added whereas the value was already rising, not throughout weak point.
At the identical time, trade balances dropped by 80.69%, leaving simply 1.84 million CHEX on exchanges.
This suggests robust spot shopping for and self-custody, possible from retail and longer-term investors. Network utilization is additionally enhancing. Active addresses rose from round 120 to almost 190 because the begin of January.
It exhibits regular community development alongside value, even when the rise is regular quite than explosive, just like the CHEX value.
Double Bottom Breakout Explains Why the Token Pumped
The velocity of the CHEX rally turns into clearer on the chart. The Chintai (CHEX) token spent weeks forming a double backside, often known as the W sample, with robust assist close to $0.025. Each dip into that zone was purchased, displaying sellers had been shedding management.
Price was capped by a down-sloping neckline, which acted as resistance for December. Once CHEX broke above that neckline in early January, momentum shifted shortly. This is why the transfer appears to be like sudden.
Double backside patterns usually result in quick follow-through as a result of trapped sellers are compelled to exit, whereas new patrons rush in. The measured transfer from this construction factors towards the $0.105 space, which additionally strains up with a significant historic resistance zone.
The breakout was additionally supported by shrinking trade provide (talked about earlier), which decreased promote stress through the transfer. That mixture of construction and provide explains why the rally expanded so shortly as soon as it began.
Chintai (CHEX) Price Chart Signals Exhaustion
While the broader pattern appears to be like constructive, short-term dangers are beginning to construct. The Relative Strength Index, or RSI, has pushed close to 86, inserting CHEX deep in overbought territory. At the identical time, value is near forming a decrease high, whereas RSI has already printed a better high. This creates a hidden bearish divergence, usually seen earlier than quick pauses or pullbacks.
RSI measures momentum and at present awaits the subsequent CHEX value candle to kind underneath $0.077 to finish the bearish divergence setup.
On-chain exercise helps this warning. Since January 5, spent cash have jumped from round 8,162 tokens to 1.06 million tokens, a close to 13,000% rise. This exhibits each newer and older holders are starting to maneuver cash after the rally, a typical signal of profit-taking quite than panic promoting. If that form of coin exercise interprets to promoting, the costs may take a success.
Key ranges now matter. The bullish construction stays intact so long as CHEX holds above $0.044. A shallow pullback may discover assist close to $0.065, adopted by $0.055 if promoting stress will increase. On the upside, a clear maintain above $0.074, adopted by power by $0.088, would hold the trail towards the $0.105 projection open.
The Chintai (CHEX) token rally is being pushed by actual demand. Short-term cooling wouldn’t break the RWA narrative.
It would merely reset momentum after a quick repricing.
The put up Why is The Chintai (CHEX) Token Up Today? appeared first on BeInCrypto.
