The post CC Technical Analysis Feb 1 appeared on BitcoinEthereumNews.com.

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.…

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Filed under: News - @ February 1, 2026 2:35 am