Binance Alpha News: 300% Gains, but Alpha Raises the Bar
Market Performance: The ecosystem's market cap reached $16.88 billion with a 2.06% increase in trading volume, while infrastructure projects like Redbrick and Chainbase saw significant gains, indicating a shift towards altcoins amid a broader crypto market rise.
Participation and Upcoming Events: Binance Alpha is encouraging user engagement through its Alpha Points system, with several major launches scheduled, including Caldera and Aspecta, as the focus on blockchain infrastructure continues to attract institutional interest.
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Technical Analysis for C
Technical Sentiment Analysis for Chainbase (C) As of , Chainbase (C) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for C stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, C is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Chainbase (C) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0194 | 0.0327 | 0.0461 | 0.0594 | 0.0728 | 0.0861 | 0.0995 |
| Fibonacci | 0.0327 | 0.0429 | 0.0492 | 0.0594 | 0.0696 | 0.0759 | 0.0861 |
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