Chainbase ($C ) has grown by 0.4% to $0.194 in the last 24 hours, which is significantly lower than the overall growth of the crypto market (+2.97%). This slight increase contrasts with a 43% decline over the past month but aligns with recent events in the ecosystem. Key factors:
Listing event on Bitrue – the announcement of the listing on August 13 sparked speculative demand
Ecosystem development – new partnerships and cross-chain integrations offset the overall technical weakness
Technical recovery – the RSI index (42.26) indicates oversold conditions, leading to short-term buying despite bearish MACD signals
The slight recovery of Chainbase is linked to expectations of the exchange listing and updates in the ecosystem, but technical indicators and high trading volume limit growth potential. The token remains vulnerable to overall market fluctuations, considering the 43% decline over the month.#Chainbase @Chainbase Official
