The price of $C dropped below the 30-day moving average ($0.268) and key Fibonacci support at $0.249 on August 23–24. The RSI (46) and MACD (-0.00104) indicators indicate a downward trend with no signs of an imminent reversal. $C
Technical traders see this as a breakout after the July rise associated with the listing on Binance, when the price reached $0.51. The lack of reversal signals suggests that consolidation around $0.20 may continue until the overall market situation changes or news arises regarding
The decline of Chainbase is related to a technical breakout, sales after the airdrop, and the absence of strong short-term news. Despite this, the fundamental idea of the project in the Web3 data infrastructure space remains relevant. To restore the price above $0.25, either an improvement in the overall market situation or confirmation of ecosystem growth will be required. #Chainbase @Chainbase Official
