$C / USDT Market Recap
@Chainbase Official launched strong, hitting highs above $0.73 in early trading. But as hype cooled and airdrop sell pressure set in, the price gradually slid down. Now hovering around $0.243, this slow decline is typical for newly listed tokens.
Key Levels
Support: $0.24–0.25 — a zone tested several times this week
Resistance: $0.30, with heavier supply between $0.42–0.50
RSI indicates oversold conditions — momentum is weak, but reversals often start here
Points to Note
Chainbase is far from finished.
Only a fraction of the supply is circulating
Institutional backing remains strong
In the short term, the focus is on whether this level holds or breaks
This could be the setup before the next move. Keep it on your radar.
