Asset Analysis $C
📊 CUSDT/USDT Analysis (Chainbase)
On the 8H chart, the asset is moving in a descending channel 📉. The price is trading near the lower boundary of the channel around $0.205, where local support is located. The EMA7/25 indicators remain bearish, Ichimoku indicates strong resistance from above, and the Parabolic SAR confirms the downward trend. A breakdown to the downside will open the way to $0.19–0.18, while for a reversal, it is important for bulls to consolidate above $0.223–0.235.
🔗 Fundamental:
Chainbase is a high-performance decentralized data infrastructure for Web3. It addresses a key issue in the blockchain industry: fast and secure access to data. The platform supports multi-chain indexing, fast queries, and data integrity preservation, making it an important element of the dApps and smart contracts ecosystem. ⚡
📌 Summary:
Technically, the asset remains under pressure, but the project's fundamentals provide a real solution for Web3 infrastructure. While the downward trend dominates, it is important to monitor the maintenance of the $0.20 level. A breakout of the channel upwards may signal a trend change. 🚀
