After a short-term decline, Chainbase ($C) is entering a tight accumulation phase in the $0.270 - $0.274 range on the 15-minute chart. Buyers and sellers are battling, creating a temporary balanced situation. Although the candles still show lower highs, the short-term support has not been breached.

📊 Technical Developments

  • Current price: $0.2709

  • MA7: $0.2715

  • MA25: $0.2724

  • MA99: $0.2722

In fact, MA99 is acting as short-term resistance, halting all upward attempts. Every time the price bounces up, it faces selling pressure at MA25, weakening the rebound. However, a notable signal is the potential formation of a micro double bottom on the 15-minute chart, indicating that buyers have not completely given up.

📉 Market Context

  • MA99: Main resistance, needs to be surpassed to extend the upward momentum

  • Bounces: Continuously rejected at the MA25 zone

  • Buyers: Holding around support $0.2700

  • Sellers: Lightly controlling the short-term trend, leveraging resistance MA to apply pressure

🎯 Short-term Target

  • $0.2745 – Minor resistance, needs to be exceeded to confirm buying strength

  • $0.2780 – Breakout confirmation zone, breaking this will trigger strong buying pressure

  • $0.2850 – Price area prone to high volatility (volatility pocket)

🛡️ Important Support Zone

  • $0.2700 – Pivot zone, boundary for price stability

  • $0.2680 – Breakdown warning threshold

  • $0.2640 – Safe stop-loss zone if support is broken

⚡ Trading Strategy

Bullish scenario: If the candle closes above MA99 with high volume, a quick bounce to $0.278+ may occur.

Sideways scenario: When the price has not broken MA99, the trend will continue to fluctuate within a narrow range – suitable for scalp strategy at the two support/resistance boundaries.

Risk management: Maintain stop-loss discipline at $0.2640 to avoid falling into a deep drop trap.

📌 In summary: $C/USDT is currently in a short-term “spring compression” phase. Buyers need a clear breakout above MA99 to reverse the intraday trend. Until that happens, this remains a tug-of-war market, suitable for quicker scalp trades rather than holding long.