🧬 #Chainbase – Cooling Off or Building a Launchpad? 🚀 $C

After a sharp drop from the $0.46 zone, C/USDT is hovering near $0.2852, hinting at a potential base-building phase. On the 1H chart, price is retesting the MA7 line for support — a key battleground for bulls.

📉 Current Snapshot:

Price: $0.2852

Timeframe: 1H

Change: +1.35%

🛡️ Key Support Zones:

$0.2800 — MA7 support, crucial for near-term stability

$0.2620 — Local bottom from the last big wick

$0.2400 — Psychological line in the sand if momentum fades

🎯 Upside Targets:

$0.3100 — First key resistance & MA25 test

$0.3500 — MA99 zone, critical for a macro trend shift

$0.4000 — Top of July’s relief pump

🔍 Technical Takeaways:

Price still below major MAs (MA25 & MA99) — trend remains cautious

Rounded bottom signs emerging — early accumulation vibes

Volume thinning out — a strong catalyst or narrative is needed for lift-off

🧠 TL;DR:

Chainbase is in accumulation mode after heavy selling. Bulls need to flip $0.31 with solid volume to regain control. Otherwise, expect more sideways grind. Remember: boring bases often precede explosive moves.

@Chainbase Official #Chainbase $C #Write2Earn