#chainbase and $C @Chainbase Official $C is at a crossroads, hovering around $0.2542 after weeks of steady decline. From a high of $0.75, the price has retraced over 65%. The lack of recovery and consistently red candles paint a clear bearish outlook.

On the indicators front, both MA(5) and MA(10) are sloping downward. The Parabolic SAR is also tracking above price action at 0.4975, reinforcing the sell-side momentum. Volume is thinning out, suggesting both fear and fatigue in the market.

Support zones to watch:

🔹 $0.253 – Holding barely above it now

🔹 $0.22 – Next strong support

🔹 $0.153 – All-time local low

Resistance zones:

🔹 $0.265–$0.27 (short-term bounce level)

🔹 $0.285–$0.30 (major barrier)

A reversal will need strong volume and a candle close above $0.30, along with SAR flipping below price. For now, this seems unlikely without a strong catalyst.

💡 Strategy: Wait for trend confirmation before entering. Avoid catching falling knives.

📉 Trend is still bearish — better to wait than guess the bottom.

Smart traders double-check everything. Don’t rely on hearsay—study the project, understand the risks, and then decide. Your future self will thank you.