🚨🚨$Chainbase

$c

Reality Check After the Hype? What the 4H Chart Is Saying Now

Chainbase ($C) burst onto the scene like a rocket—up over 1150% in just days after listing. But now? That same price action is showing signs of gravity pulling it back. The current price hovers around $0.25, down sharply from the local top near $0.55. So what changed?

Let’s cut through the noise and look at what the 4-hour technical chart and real sentiment are telling us.

🔍 1. Momentum Has Shifted — And It’s Not in Bulls’ Favor (Yet)

A quick glance at short-term indicators shows a clear reversal of momentum:

EMA Breakdown: The 5-period EMA has not only dropped below the 10 and 20 — it’s now sloping downward, acting as active resistance. This bearish crossover setup tends to trap late buyers and squeeze momentum traders.

MACD Turning Red: The MACD line is under its signal line, and the histogram is printing red bars. Translation? Momentum is fading, and a deeper pullback remains likely unless something flips quickly.

Volume Fading Fast: The volume spike seen during launch and airdrop periods has vanished. The MA5 and MA10 on volume are flattening, signaling that both buyers and sellers are cooling off. That usually means low conviction consolidation or a prelude to another leg down.

Parabolic SAR? Flip to Bearish: Those dots are now above the candles—this confirms a short-term trend reversal. Historically, this setup aligns with local tops unless quickly invalidated.

Bollinger Bands: After expanding aggressively during the initial rally, the bands are now wide but price is sinking toward the lower-middle range, suggesting increased volatility but no strong demand bounce yet.

AVL (Average Level): Price now trades below the chart’s midpoint, adding to the bearish bias.$SOL $XRP $ETH

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