- C98 token price action projects a strong rally with strong bullish momentum.
- C98 rises above all the crucial EMAs in the daily chart.
- The token pair C98/BTC trades at 0.0001227 BTC with an intraday gain of +44.42%.
C98 Token price is trading above the 200-day EMA as it breaks above it with a price jump making continuous bullish candlesticks. Nevertheless, the consolidation formation in the past 8 hours indicating a struggle to sustain above $5.5.
The steep EMAs scheme bullishness and the 50-period EMA rising with the 100-period EMA implies a bullish crossover shortly resulting in a bullish rally in the token price.
The C98 Token price at the moment is $5.94, as the market cap increased by +45.42% over the past 24 hours. It means that prices are rising as the demand also increases.
The intraday trading volume of the token increased by 274.33% over the last 24 hours. It indicates that investors might gain interest in the coin, leading to a bullish price jump again.
What Is COIN98?
Coin98 is described as a multi-chain liquidity broker that supports assets across multiple blockchains including Tron, Binance Smart Chain and Solana. Coin98 offers a wallet, which supports more than 25 networks on its desktop and mobile platforms.
The Coin98 roadmap outlines plans for a launchpad and a lending and borrowing platform. A megafarm, a derivatives marketplace and an NFT market are also planned.
Coin98 was a Binance Launchpad Project in July 2021.
Bullish Retest In C98 Token Price Chart
The C98 token price has reached the horizontal level of $5.5 and may decide the future trend shortly. However, the increasing bullishness in the chart as the buying pressure increases lowers the possibility of a bearish reversal.
As per the pivot point standard, C98 may find support near the $4.5 and $3.8. However, in a bullish uptrend, the price may find opposition near the $7 mark.
As per the 4-hour technical chart, c98 moves above all the crucial EMAs while the EMAs rise higher with a positive slope in a bullish alignment.
As the RSI line moves higher above the neutral zone, the RSI indicator (Bullish) implies a bullish state.
The ADX indicator implies growth in price trend momentum.
Conclusion: C98 token struggles to sustain above the horizontal level of the $5.5 mark but may shortly rise higher to the $7 mark post-consolidation. In case of a bearish fallout, investors may observe a fatal downfall.
Support- $4.5 and $3.8
Resistance-$7 and $9