After an explosive rally to $0.75, Chainbase ($C) has cooled off significantly, now consolidating near $0.25. While many interpret this as weakness, seasoned market participants know better ā deep retracements on promising infrastructure tokens often mark ideal accumulation zones.
š Technical Snapshot:
Support zone: Holding firm at $0.24ā$0.25, showing resilience amid market turbulence.
EMA(7): Bearish momentum persists, but signals are softening.
RSI(6): Sitting at ~30 ā a classic oversold condition, suggesting capitulation may be ending.
Volume trend: No panic ā just steady, quiet accumulation. The crowd may be fearful, but smart money rarely chases green candles.
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šÆ Trade Plan (Not Financial Advice):
Entry range: $0.24ā$0.26
Targets: $0.32 (initial resistance), followed by $0.38 (structural retest)
Stop-loss: Conservative level just under $0.23 to preserve capital
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š§ Why It Matters:
Infrastructure tokens like $C aren't meme coins ā they represent underlying frameworks for Web3 data and developer tooling. Volatility is part of early-stage growth, and accumulation during fear cycles is often how institutional players build positions.
When the hype fades, the opportunity begins.
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š¬ Are you watching $C?
Comment āTRADEā if youāre considering a bounce setup ā and drop your price target below!