Brief Analysis of the Trend of $C

Current Price: The current price is 0.2038 USDT, down about 2.32% from the previous day. Trend Line: The chart shows that the medium to long-term trend lines (purple and yellow lines) are generally in a downward trend, and the recent price has broken below the moving average support.

Short-term Fluctuations: Around August 18, there was a surge in price with increased trading volume, but it quickly fell back, indicating strong selling pressure.

Trading Volume: The trading volume significantly increased during the recent rise, but weakened during the decline, showing insufficient buying momentum in the market.

Technical Indicators: MA7 (7-day moving average) and MA29 (29-day moving average) indicate that the price is currently below the moving averages, suggesting a weak short-term trend. RSI (Relative Strength Index) does not show a specific value, but based on fluctuations, it may be approaching the oversold area in the short term.

Support and Resistance: The recent low of about 0.204 USDT serves as an important support level, and resistance may be in the range of 0.21-0.22 USDT.

Summary: The current C/USDT trend is weak, and it may continue to test the 0.204 USDT support level in the short term. It is recommended to pay attention to the performance of this support level. #chainbase @Chainbase Official