🚀 Chainbase Analysis ($C /USDT) 4H Frame — Recovery Signal But Still Needs a Breakthrough Decision

After a deep correction, Chainbase's price is showing signs of recovery, currently trading around $0.3017 after bouncing from a recent low. The buying side is starting to show signs of returning, but to confirm an upward trend, the price needs to conquer some important resistance levels.

🎯 Important Resistance Areas to Note

1️⃣ $0.3230 — MA 99 resistance area, playing a role in “shaping the trend” on the 4H frame. This is the first door that the buying side needs to open to initiate a new upward wave.

2️⃣ $0.3550 — The nearest swing high before the price was rejected. Breaking through here will reinforce market confidence.

3️⃣ $0.4200 — Strong supply area from the previous upward move, likely to see selling pressure when the price returns.

🛡️ Important Support Areas

1️⃣ $0.2890 — The MA 25 area is providing short-term support. If maintained, the price may continue to challenge the resistance above.

2️⃣ $0.2670 — The most recent weekly low. Losing this level will significantly weaken market sentiment.

3️⃣ $0.2300 — The “last fortress” of the buyers. If broken, the mid-term upward structure will be disrupted.

📊 Trading Perspective:

Currently, the priority is to observe price reaction at the $0.3230 area. Only when the 4H candle closes above this level will the upward trend be clearly confirmed, opening opportunities to move towards higher targets. Until then, a reasonable strategy is to remain cautious and closely monitor the fluctuations. @Chainbase Official #Chainbase

⚔️ In summary: The buyers have returned to the battlefield, but the real “battle” has just begun.