After an explosive rally to $0.75, Chainbase ($C) has cooled off significantly, now consolidating near $0.25. While many interpret this as weakness, seasoned market participants know better — deep retracements on promising infrastructure tokens often mark ideal accumulation zones.
🔍 Technical Snapshot:
Support zone: Holding firm at $0.24–$0.25, showing resilience amid market turbulence.
EMA(7): Bearish momentum persists, but signals are softening.
RSI(6): Sitting at ~30 — a classic oversold condition, suggesting capitulation may be ending.
Volume trend: No panic — just steady, quiet accumulation. The crowd may be fearful, but smart money rarely chases green candles.
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🎯 Trade Plan (Not Financial Advice):
Entry range: $0.24–$0.26
Targets: $0.32 (initial resistance), followed by $0.38 (structural retest)
Stop-loss: Conservative level just under $0.23 to preserve capital
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🧠 Why It Matters:
Infrastructure tokens like $C aren't meme coins — they represent underlying frameworks for Web3 data and developer tooling. Volatility is part of early-stage growth, and accumulation during fear cycles is often how institutional players build positions.
When the hype fades, the opportunity begins.
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💬 Are you watching $C?
Comment “TRADE” if you’re considering a bounce setup — and drop your price target below!
