$C Technical Setup — Bulls in Control, But Momentum Is Hot.
C is trading near **0.0874**, up +7.37% today and +53.06% over 7 days. Price remains above the 7/25/99-day moving averages, while SuperTrend is still bullish. MACD printed a golden cross 7 days ago—momentum remains positive.
But RSI(6) at 79.71 signals overbought conditions. Price is also only 8% below the recent $0.095 range high, while today’s volume is just 0.17× its 7-day average. Bulls need volume confirmation; otherwise, volatility and pullback risk rise.
#Chainbase $C #TechnicalAnalysis #CryptoTrading.
Above is market analysis only and not investment advice.
C is trading near **0.0874**, up +7.37% today and +53.06% over 7 days. Price remains above the 7/25/99-day moving averages, while SuperTrend is still bullish. MACD printed a golden cross 7 days ago—momentum remains positive.
But RSI(6) at 79.71 signals overbought conditions. Price is also only 8% below the recent $0.095 range high, while today’s volume is just 0.17× its 7-day average. Bulls need volume confirmation; otherwise, volatility and pullback risk rise.
#Chainbase $C #TechnicalAnalysis #CryptoTrading.
Above is market analysis only and not investment advice.