• Current price: $0.2540

  • Trend: Down, still in a weakening phase

📊 MA Structure

  • MA7 < MA25 < MA99 → Completing a “bear stack”

  • Price is below all major MA lines → Downtrend still persists

🔍 Market Sentiment

  • After the rise to the local peak of $0.43, the market witnessed strong selling pressure

  • Forming a series of lower highs + lower lows → Confirms the bearish structure

  • Decreasing trading volume → Market interest is weakening

    However, this sometimes signals the potential for a reversal when selling pressure exhausts

🎯 Target Levels – Potential Recovery Zone

✅ Target 1: $0.276

  • Coinciding with the MA25 resistance zone

  • Also the most recent lower high

  • This will be the first “battle” to test regaining bullish signals

    🔒 Reliability: Average

✅ Target 2: $0.312

  • Strong resistance

  • The last supply zone before breakout

  • High possibility that the sellers will intensify selling pressure again here

    🔒 Reliability: Average

✅ Target 3: $0.386

  • Strong breakout target

  • Filling the previous long wick candle

  • Only feasible if the altcoin market rises sharply alongside BTC

    🔒 Reliability: Low (unless BTC rises sharply)

🛑 Suggested Stop Loss

  • Stop loss level: $0.240

  • If this level is breached → Entering the capitulation zone

  • Risk of deep decline to $0.20 or lower

📌 Conclusion

$C is in a clear downtrend, any current rebound is still considered a technical bounce. The $0.240 zone is an important “lifeline” — losing this level would significantly increase risk. Investors need to manage capital tightly and closely monitor BTC’s movements to determine the breakout potential of this altcoin. #Chainbase @Chainbase Official