📊 C/USDT Analysis
On the 8H chart, a descending channel 📉 is observed, in which the price is gradually decreasing.
Support: $0.214 – key level, below which there is a risk of falling to $0.20 and further to a strong zone at $0.0739 ⚠️
Resistance: $0.2225 – $0.2346, breaking the channel upwards could open the way to $0.246–0.257 🚀
While the trend is bearish, approaching the lower boundary of the channel may trigger a local rebound 🔄
⚡ Fundamentals
Chainbase — a decentralized infrastructure platform for data in Web3:
⚡ high performance and scalability
🔎 fast indexing and data queries
🌐 multi-chain support
🛡️ decentralized storage and data integrity assurance
Token $C is used for paying for services and incentivizing network participants, making it a key component of the ecosystem.
🔥 Conclusion: in the short term, the trend remains bearish 📉, but breaking the channel upwards could mark the beginning of a bullish reversal 🚀.
