The current price of Chainbase ($C ) shows a decrease of nearly 5% over the day, and over the last 7 and 30 days, the drop is even more significant — about 13% and 38% respectively. The market capitalization is approximately $31.5 million, and the trading volume for the day is around $38.6 million, which is 10% less compared to the previous day. $C
Technical analysis shows that the price is below key moving averages (7-day SMA — $0.203, 30-day SMA — $0.242), indicating a downward trend. The Relative Strength Index (RSI) is around 47-49, which is neutral but leans towards the oversold zone.
Overall, the cryptocurrency market has fallen by 3.48% over the day, so Chainbase may be following the overall trend. However, the decline of Chainbase is stronger than the market average, indicating specific issues with this coin. The Fear and Greed Index is in the neutral zone, meaning there is no strong fear in the market that could influence the price. #Chainbase @Chainbase Official