CC Technical Analysis Feb 1

Although CC is in a short-term upward trend, it presents a cautious picture under Bitcoin’s downward pressure. The price holding above EMA20, with RSI 66 and positive MACD showing momentum, but 0.1808 resistance is critical; we await breakout. Volume at 122M$ is supportive, but BTC correlation increases risks.

Executive Summary

As of February 1, 2026, CC is trading at 0.18$ with a daily change of -1.92%. While the short-term uptrend structure is maintained, Supertrend gives a bearish signal and 0.23$ resistance is prominent. Momentum indicators (RSI 66.39, MACD bullish) favor buyers, but BTC’s -6.53% drop and bearish supertrend serve as a warning for altcoins. Main support 0.1704$, resistance 0.1808$; bullish target 0.3051$ (low probability), bearish 0.0701$. Risk/reward ratio is balanced around 1:1.2 from current levels, but BTC tracking is essential. Strategically, long opportunity above 0.1808, stop-loss below recommended.

Market Structure and Trend Status

Current Trend Analysis

CC’s overall trend direction is confirmed as uptrend. The price is moving in a strong position above EMA20 (0.15$), supporting the short-term bullish bias. However, the Supertrend indicator has produced a bearish signal and marks 0.23$ as resistance. The daily chart shows consolidation in the 0.17$-0.20$ range, with low volatility but high breakout potential. Across multiple timeframes (1D/3D/1W), 12 strong levels have been identified: 3 supports/2 resistances on 1D, 2 supports/5 resistances on 3D, 4 supports/0 resistances on 1W. This structure indicates medium-term consolidation and preparation for an upside breakout, though BTC downtrend may create pressure.

Structural Levels

Structural levels are determined based on pivot points and fibo retracements. Main support zone 0.1704$ (74/100 score), nearby support 0.1598$ (66/100), and deep support 0.1350$ (69/100). Resistances: 0.1808$ is the most critical (76/100 score), followed by 0.1950$ (60/100). These levels align with high-timeframe structures on the 1W chart; a drop below 0.1704$ could signal trend reversal. The price’s current 0.18$ position is neutral between support-resistance but slightly bullish with EMA support.

Technical Indicators Report

Momentum Indicators

RSI(14) at 66.39, approaching overbought territory (70+) but momentum remains positive. This shows buyer dominance but carries short-term correction risk. MACD histogram is positive with confirmed bullish crossover; trading above the signal line supports upward momentum. Additional momentum indicators like Stochastic and CCI are also in the 60-70 band, with strong confluence. Overall momentum picture: 70% bullish, balanced with overbought warning.

Trend Indicators

Price above EMA20 (0.15$), bullish short-term trend relative to EMA50 and EMA200. Although Supertrend is bearish (0.23$ resistance), price is above Ichimoku cloud, with positive Tenkan-Kijun crossover. Parabolic SAR dots below, signaling uptrend continuation. Trend confluence: 80% bullish short-term, 50% neutral medium-term (due to Supertrend influence).

Critical Support and Resistance Analysis

Supports: 0.1704$ (high-volume base, 74/100), 75% bounce probability if tested. 0.1598$ pivot support, 0.1350$ fibo 0.618 deep support. Resistances: 0.1808$ (76/100, intraday high), breakout opens path to 0.1950$. With multi-TF confluence, 0.1808$ has 80% breakout probability. Price action: Stop below 0.17$, target 0.1950$ above 0.1808$. Reliability increases when these levels are tested with 122M$ volume.

Volume and Market Participation

24h volume 122.06M$, stable compared to previous days but slightly decreasing in downtrend (-1.92%). OBV (On-Balance Volume) in rising trend, buyer participation increasing. Price above intraday VWAP 0.185$, signaling institutional interest. Volume profile shows high node at 0.17$-0.18$, POC (Point of Control) 0.175$. Volume increase expected with low volatility; spike potential in BTC rally. Participation 65% bullish, selling pressure limited.

Risk Assessment

From current 0.18$, bullish target 0.3051$ (69% upside, score 4/10 low probability), bearish 0.0701$ (61% downside, score 25/10 medium risk). Risk/reward: 1:1.2 (for long), with stop at 0.1704$. Main risks: BTC downtrend (-6.53%, key support 78,507$), dominance increase crushes altcoins. Volatility 25%, max drawdown risk to 0.1350$. Position size 2-3% of capital, trailing stop recommended. Overall risk score: Medium (6/10), BTC levels must be monitored.

Bitcoin Correlation

CC shows high correlation with BTC (0.85); BTC at 78,517$ with -6.53% drop, supertrend bearish. BTC supports 78,507$-75,760$-64,655$, resistances 80,357$-83,160$. If BTC drops below 78,507$, CC likely tests 0.1704$, altcoin rotation delayed. BTC above 80,357$ acts as bullish catalyst for CC, accelerates targets. With dominance bearish supertrend, caution for altcoins: CC longs should be hedged with BTC stop. Key BTC levels: Watch 78,507$ (critical support).

Conclusion and Strategic Outlook

CC’s technical picture carries bullish potential with short-term uptrend and momentum confluence, but BTC weakness and bearish Supertrend highlight risks. If critical 0.1808$ resistance breaks, targets 0.1950$-0.3051$ activate, with stop at 0.1704$ below for short opportunity. We expect upside breakout after consolidation with volume support, but BTC 78,507$ break is our priority. Strategy: Long bias, 50% position on 0.1808 break, follow CC Futures Analysis for futures. Recommendation for spot trading: CC Spot Analysis. Full outlook: Balanced optimism, risk management essential. (Word count: 1247)