Chainbase ($C ) has fallen by 4.7% in the last 24 hours, which is worse than the overall growth of the cryptocurrency market (+0.05%). Main reasons:

Technical breakdown – the price dropped below an important support level at $0.249 (78.6% Fibonacci retracement level), triggering automatic sell-offs.

Profit-taking after airdrop – airdrop recipients who held tokens since July likely sold part of the 20 million $C distributed then.

Weak momentum – trading volume decreased by 31.7% to $15.56 million, indicating weak buyer interest amid rotation into altcoins.

The drop in Chainbase$C is related to the technical breakdown, selling after the airdrop, and the lack of strong short-term news. Despite this, the fundamental idea of the project in the field of Web3 data infrastructure remains relevant. To recover the price above $0.25, either an improvement in the overall market situation or confirmation of ecosystem growth will be required.#Chainbase @Chainbase Official