Technical Recovery (Neutral Factor) $C $C $C
Overview: The 7-day Relative Strength Index (RSI) is at 32.38 (oversold), and the 14-day RSI is at 46.11 (neutral), indicating a potential rebound after a weekly drop of 17%. The price remains below the 30-day moving average ($0.293), suggesting ongoing bearish pressure.
What this means: Technical traders might take advantage of the oversold condition for short-term buying, but the lack of a clear reversal signal (e.g., breaking resistance at $0.25) limits confidence in further growth.
The growth of Chainbase over the last 24 hours is due to a combination of factors: increased liquidity after the listing, news about the ecosystem, and technical signals. However, long-term success depends on whether the project can demonstrate real use cases for its hyperdata network.
What to watch for: Can C hold above the 24-hour high of $0.226* amid declining trading volumes (-3.96% over the day)?
Note: The current price is $0.226 as of August 16, 2025, 16:03 UTC. #Chainbase @Chainbase Official