Why has the price of Chainbase ($C ) risen in the last 24 hours?
First, let's look at the data. The current price shows an increase of 2.28% over the last day. However, in the last 7 days, the price has fallen by 17.05%, and in the last 30 days, it has risen by 79.51%. This indicates high volatility: the recent decline has been followed by strong growth over the month.
To understand the situation, let's look at the news and technical analysis. The Relative Strength Index (RSI14) is at 46.11 — this is a neutral level, meaning the asset is neither overbought nor oversold. The 30-day moving average (SMA30) is at 0.293, which is above the current price of 0.226, indicating a possible medium-term downward trend, but a short-term bounce is also possible.
The news highlights several important events related to listings and token distributions (airdrops). For example, on July 18, 2025, Binance added Chainbase ($C ) to its list of trading pairs and conducted a distribution of 20 million C tokens to BNB holders. This caused a sharp price increase from $0.125 to $0.51, but now the price has pulled back to $0.226. However, this growth was in July, and we are interested in the last 24 hours — August 16, 2025.