Price $C is trading below all key moving averages (7-day SMA: $0.205; 30-day SMA: $0.253). The Relative Strength Index (RSI-7) at 33.42 is close to the oversold zone, but there are currently no reversal signals.
What this means: Bearish crossovers of moving averages indicate a continuation of the downtrend. The MACD histogram (-0.00136) confirms negative momentum. A close below the July 17 low ($0.188) could lead to further declines.
Key level to watch: support at $0.188 - a break of this level could lead to a drop to the 2025 low of $0.125.#Chainbase @Chainbase Official
