@Chainbase Official $C is showing early signs of recovery after a steep decline. The price has bounced from recent lows and is now trading around $0.3017. While momentum is shifting toward the bulls, a full trend reversal still depends on key resistance levels being broken.
🔼 Resistance Levels to Watch
1. $0.3230 – This is the MA 99 zone and acts as a trend-setter on the 4H timeframe. A close above this level is crucial to signal a fresh bullish wave.
2. $0.3550 – The last major swing high before the rejection. Breaking this confirms strength and improves buyer confidence.
3. $0.4200 – A major supply zone from the previous uptrend. Expect strong resistance here if the price moves up.
🔽 Key Support Zones
1. $0.2890 – Near the MA 25. This area is giving short-term support and must hold to maintain the current recovery structure.
2. $0.2670 – The most recent local low. A breakdown below this could damage market sentiment.
3. $0.2300 – This is the last major buyer zone. Losing this would break the medium-term bullish outlook.
📌 Trade Outlook:
The price is recovering, but $0.3230 remains the key test. If a 4H candle closes above it, the path toward $0.3550 and $0.4200 may open. Until then, cautious observation is advised. Wait for confirmation before entering aggressive long positions.
🧠 Summary:
Buyers are slowly stepping in—but the real challenge lies ahead. A breakout above $0.3230 could change the game. Until then, it’s a waiting battle between hope and hesitation.
