CryptoSahida
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Bearish
#chainbase and $C @Chainbase Official
The current state of $C paints a clear picture — the hype is cooling off. Once surging to $0.75, it now trades at $0.2542, with declining volume and sentiment. Trading volume has dropped sharply, with Vol(C) at 31.63M, and Vol(USDT) at 8.44M, signaling weak buying pressure.
The chart structure shows no bullish divergence yet. Daily candles are in a consistent decline, and the Parabolic SAR has been bearish since the breakdown. Momentum indicators are likely oversold, but no bullish reversal has confirmed yet.
The 7-day trend is down 22.11%, which shows continued pressure despite already sharp corrections. Short-term traders might look for bounce zones near $0.22, while long-term holders are likely sitting on unrealized losses.
The only saving grace could be a volume spike or news catalyst to flip sentiment. Until then, $0.285–$0.30 remains key resistance, and only a break above this zone would shift the bias.
Never trade based on hype alone. Always verify the information yourself. Informed decisions come from solid research—protect your capital.
The current state of $C paints a clear picture — the hype is cooling off. Once surging to $0.75, it now trades at $0.2542, with declining volume and sentiment. Trading volume has dropped sharply, with Vol(C) at 31.63M, and Vol(USDT) at 8.44M, signaling weak buying pressure.
The chart structure shows no bullish divergence yet. Daily candles are in a consistent decline, and the Parabolic SAR has been bearish since the breakdown. Momentum indicators are likely oversold, but no bullish reversal has confirmed yet.
The 7-day trend is down 22.11%, which shows continued pressure despite already sharp corrections. Short-term traders might look for bounce zones near $0.22, while long-term holders are likely sitting on unrealized losses.
The only saving grace could be a volume spike or news catalyst to flip sentiment. Until then, $0.285–$0.30 remains key resistance, and only a break above this zone would shift the bias.
Never trade based on hype alone. Always verify the information yourself. Informed decisions come from solid research—protect your capital.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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