@Chainbase Official #chainbase $C

Asset analysis $C

📉 Technical analysis (C/USDT)

The price is moving in a descending channel ⬇️, with the lower boundary around 0.20 and the upper boundary — ~0.24.

All moving averages (MA7, MA25, MA99) are above the current price → selling pressure remains.

Ichimoku in the red zone 🟥, SAR on top — the trend is bearish 🐻.

If the price holds support at 0.20 ⚔️, a bounce to 0.22–0.24 is possible. A breakout downwards → 0.18 as the next target.

🪙 Fundamental (Chainbase)

The project addresses a key Web3 issue: working with real-time data ⚡.

It offers a decentralized infrastructure for data storage and indexing for various blockchains.

🔑 Focus: query speed, scalability, data integrity.

It could potentially become the “Web3 database,” which is critical for dApps, DeFi, and NFTs.

⚖️ Conclusion

Short-term: the trend remains bearish 🐻 until there is a breakout of the channel upwards.

Long-term: a strong idea 💡, if Chainbase can establish itself as the standard for decentralized data.