CC Technical Analysis Jan 24

CC is stabilizing at $0.15 while moving in the $0.14-$0.16 range with a 3.77% intraday rise. Short-term uptrend continues, but MACD bearish signal and Supertrend resistance at $0.17 stand out. In the 24-48 hour outlook, a break above $0.1544 could trigger the upside scenario, while below $0.1498 increases downside risk.

Short-Term Market Outlook

CC is currently trading at $0.15 and recorded a 3.77% rise in the last 24 hours, testing intraday lows of $0.14 and highs of $0.16. Volume remains at a moderate $28.31M level, while the short-term trend continues as an uptrend. Price is positioned above EMA20 ($0.15), supporting bullish short-term momentum. However, the MACD histogram shows negative pressure, Supertrend gives a bearish signal pointing to $0.17 resistance. RSI at 58.63 is in the neutral-bullish zone, no overbought signal. Multi-timeframe (MTF) analysis identified a total of 9 strong levels across 1D, 3D, and 1W charts: 3 supports/3 resistances on 1D, 5 supports/2 resistances balance on 3D. In this context, price action may consolidate in the $0.14-$0.17 corridor over the next 24-48 hours, but upside bias remains prominent as long as the uptrend structure holds. Sudden moves without volume increase could be risky; tight stop-losses are essential for scalping.

Intraday Critical Levels

Nearby Support Zones

The most critical intraday support is $0.1498 (score: 61/100), the first line of defense above the intraday low of $0.14. In case of a break, $0.1401 (score: 69/100) could be tested quickly; this level is a strong base from 1D MTF. Below $0.1401 could invalidate the short-term uptrend and lead to the $0.1169 downside target. For scalpers, look for quick bounce at $0.1498, invalidation below $0.1485.

Nearby Resistance Zones

First resistance at $0.1544 (score: 71/100), near the upper band of the intraday range. A close above here could accelerate momentum. Supertrend at $0.17 stands out as additional resistance, one of the MTF 1D resistances. Upside movement remains limited without a $0.1544 break, with high false breakout risk. Wait for volume confirmation on resistance tests.

Momentum and Speed Analysis

Short-term momentum is mixed: bullish bias above EMA20, but MACD bearish histogram and Supertrend bearish signal create divergence. RSI at 58.63 leaves room for upside, but monitor for overbought warning above 70. Speed analysis on 1H chart shows momentum slowing, intraday volatility around 6%. For acceleration while uptrend holds, a volume-backed $0.1544 break is required. For bearish speed, a close below $0.1498 could pull MACD more negative. Momentum neutral in 24-48 hour window, but stay cautious on altcoins due to BTC sideways effect. Scalping zones: consolidation between $0.1498-$0.1544, target 1:2 RR on breakouts.

Short-Term Scenarios

Upside Scenario

Volume-backed close above $0.1544 (trigger: 1H green candle) could carry price to $0.16 and potential $0.2042 (low-score upside target). Uptrend accelerates with EMA20 support, RSI 65+ supports momentum. Invalidation: return below $0.1544. In this scenario, 24-hour target $0.16, manage risk at 1-2%. Volume increase mandatory.

Downside Scenario

Close below $0.1498 (trigger: red 1H candle) brings quick test of $0.1401, MACD bearish acceleration. With Supertrend bearish confirmation, $0.1169 downside activates. Uptrend invalidation below $0.1401. High 48-hour risk, max position sizing 0.5%. BTC drop could be a trigger.

Bitcoin Correlation

BTC sideways at $89,510 level (+0.68%), main supports $88,888 / $87,635 / $86,420; resistances $89,691 / $91,185. While BTC Supertrend is bearish, caution on altcoins like CC: BTC break above $89,691 could spill over upside to CC, below $88,888 pressures CC $0.1498 support. CC highly correlated to BTC, CC downside pressure strengthens if BTC dominance rises. Watch: BTC below $89k for CC short bias.

Daily Summary and Watch Points

– Main watch: $0.1544 break (up) vs $0.1498 break (down).
– Momentum trigger: Volume spike + RSI 60+.
– Risk: Short-term trading involves high volatility, risk 1% of capital per trade, use tight stops.
– MTF reminder: 3D support surplus supports long bias.
– No news, stay technical-focused. Check CC Spot Analysis for spot, CC Futures Analysis for futures.
24-48 hours: Consolidation likely, breakouts offer quick RR opportunities but high false move risk. Disciplined risk management essential!