๐ $C Chainbase Slides -3.68%: Can Bulls Step In?
Chainbase has become a cornerstone of Web3 data infrastructure, powering 20,000+ developers and securing $15M Series A funding. Its role in decentralized data access is undeniable โ but the token is under pressure.
In the last 24h, $C dropped -3.68%, weighed down by concerns over its high FDV and upcoming token unlocks that could fuel more selling.
๐ On the charts, bears still dominate. Yet, RSI bouncing from oversold and a slight MACD uptick suggest possible short-term stabilization near $0.2038.
The question: Can Chainbase hold its ground and bounce back to reinforce its position as a Web3 data backbone โ or will selling pressure keep it pinned down?
.
