@Chainbase Official ($C ): Short-term upward momentum but long-term risks still exist

📌 Today's price update

In the latest trading session, @Chainbase Official (C) is trading around $0.2121, slightly up 0.02% compared to the previous closing price. The daily price range is between $0.2020 – $0.2129, indicating moderate volatility after several correction sessions.

This technical recovery follows the recent short-term uptrend, as the MACD signal remains positive, although the RSI indicator shows conditions near the overbought zone, signaling potential profit-taking pressure in the short term.

📊 Technical analysis

Short term

Nearest support: ~$0.20 – daily bottom. If broken, the price may retreat to ~$0.185.

Nearest resistance: ~$0.22 – if surpassed with good liquidity, the potential to extend the rally to ~$0.24

MACD indicator: Maintains a positive signal, reinforcing the recovery trend.

RSI: Currently at a high level, approaching the overbought zone, signaling short-term correction risks.

⟶ Scenario: Prices are likely to continue fluctuating within the range of $0.20 – $0.22. If it breaks above $0.22, the market could target $0.24.

Medium & long term

Strong resistance: ~$0.28 – $0.30, which was previously an accumulation zone before the price fell to its current level.

Main trend: After a sharp decline from the peak of $0.45 in July, Chainbase remains in a long-term downtrend. The current increase is merely a technical rebound.

Key level to maintain: The range of $0.18 – $0.20. If sustained, C has a chance to accumulate and lay the foundation for a new trend. If broken, the risk of retreating to $0.15 is apparent.

⚖️ Fundamental factors and risks

Supply: 84% of the total token supply remains unlocked, creating significant selling pressure risk upon unlocking. This is a notable risk for long-term value.

Market sentiment: Despite lingering selling pressure, the community maintains a positive attitude, emphasizing the role of @Chainbase Official in the Web3 and AI infrastructure.

Valuation: The token's previous halving from a peak of $0.45 has made long-term investors cautious, especially with no clear solution to the unlocking issue.

📌 Conclusion

Short term: @Chainbase Official ($C ) is still experiencing a slight upward momentum, supported by a positive MACD signal. However, the RSI is too high indicating the risk of an early correction.

Long term: Significant risks due to the high amount of unlocked supply. Investors need to closely monitor the support level of $0.20 and their risk management strategy before holding long-term.

👉 Given the current context, C is suitable for short-term trading within the range of $0.20 – $0.22, while long-term investors should patiently wait for clearer accumulation signals and monitor the project's supply management progress.

@Chainbase Official #Chainbase #c