Chainbase ($C ) has grown by 8.38% over the last 24 hours. First, let's look at the provided data. The current price has indeed increased by 8.38% in a day, but there has been almost no change in the last 7 days, and over the past 30 days, there is a decline of 35.28%. This means that the recent growth is noticeable against the backdrop of a significant monthly decrease.
Technical analysis shows that the Relative Strength Index (RSI) is around 41, which is considered a neutral level — the coin is neither overbought nor oversold. The MACD is negative, but the histogram is slightly improving. The price is above the 7-day moving average but below the 30-day moving average, indicating a short-term recovery but a continuing long-term downtrend. Fibonacci retracement levels indicate resistance around $0.246, which is above the current price of $0.21, possibly attracting buyers.#Chainbase
