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CC's new coin with a market cap of 3 billion has been quite interesting recently. From the four-hour chart, it has repeatedly tested the resistance level, and after a significant rally, signs of fatigue are evident. Both market cap and price are facing upward resistance, making it difficult to find reasons for continued strength based on technical signals.
The four-hour cycle is showing signs of exhaustion; repeatedly testing the resistance level without breaking through is a typical short-selling signal. If the bearish outlook continues, there is considerable room for a breakdown and decline. For traders willing to take on risk, this indeed presents an opportunity window for downward operations.