@Chainbase Official #chainbase $C

📊 Analysis $C (Chainbase)

On the $C/USDC chart, we see a prolonged movement in a downward channel 📉. The price has bounced off the upper boundary of the trend and is now testing the ~$0.2210 level. A breakout of the channel upwards with consolidation could signal a change in the local trend ⬆️. Support is in the $0.1920–0.2110 zone, and the nearest resistance is at $0.2390. Indicators (MA, Ichimoku, SAR) still indicate the dominance of sellers, but there are early signs of a local rebound. ⚡

Fundamentally 🔗 Chainbase solves an important Web3 problem — decentralized storage and fast data access. This is critical for the operation of smart contracts, cross-chain applications, and infrastructure solutions. By focusing on indexing and real-time, the project can become a "base layer" for many DApps, accelerating the development of the ecosystem.

💠 Token $C acts as a utility asset: it is used to pay for services, staking and incentivizing network participants.

Outlook: If it consolidates above the channel and exits above $0.24, we can expect an increase in bullish momentum 🚀, otherwise the risk of continuation of the downtrend remains. 🚀📉📊