CC Breaks Descending Channel and Builds Base Above SupportCC was trending inside a well-defined descending channel for an extended period, reflecting sustained bearish control. Price has now broken out of this channel to the upside and successfully reclaimed the lower boundary, signaling a potential structural shift.
After the breakout, CC is consolidating above former channel support, forming a stable base. This behavior suggests that selling pressure is weakening and buyers are starting to absorb supply at higher levels.
If price continues to hold above this reclaimed support zone, a continuation move toward the next resistance around zero point zero eight and beyond becomes likely. Sustained strength could open the path toward the higher resistance region near zero point one eight.
On the bearish side, losing the reclaimed support would invalidate the breakout and may pull price back into the previous range, reopening downside risk.
This setup is driven by descending channel breakout dynamics, support flip behavior, and base formation after trend exhaustion. Confirmation through continuation is essential before aggressive positioning.
