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Coin98 Price Analysis: C98 Spikes 17% During The Day

  • The Coin98 price is favorable, around 17.2% during intraday.
  • The 24-hour trading volume is at $102 million.
  • C98/BTC pair is trading positive by 21.6% at 0.00006576 BTC.

Coin98’s daily technical chart and price trend show an uptrend. Based on the pivot point, the support zone is 2.10 USDT. Another way to look at it is that if you rush, the resistance level to watch is 4.70 USDT. Therefore, the chart created a bullish engulfing candlestick pattern during the day, and the cost is confident that it will remain upside with unwavering high strength.

The Exponential Moving Average (EMA) band, consisting of various EMA’s, strongly supports currency price fluctuations. Investors may find that cost breaks above the green ribbon. This guarantees a surge in C98 until it is above the ribbon.

Trading volume (9.7 M) is above the 20-day moving average (2.143 M). The volume is high, so the cost is below the pivot point. Investors may also see the volume bar on the chart increases. This indicates that anomalous instability is common on subsequent trading days.

The Stochastic RSI (Overbought) with a value of K-86 D-90 provides a buy signal in currency. Investors can observe steep index slopes and positive crossover, which can stay in the positive realm for future trading sessions.

Long-Term Perspective of Coin98 Price Trend

The weekly technical chart and price trend of Coin98 show a bullish trend. Based on the pivot levels, the support zone is 2.10 USD. From another perspective, if it rushes upwards, the resistance level to look for is 8.65 USD. Moreover, the graph shows the Heiken Ashi candles, representing a substantial upside potential in the asset’s price action.

So, The price of Coin98 is $3.62 today, and the 24-hour trading volume is $102,462,200. The price of C98 has risen 17.2% in the last 24 hours. It has a circulation of 190 million C98 coins and a total of 1 billion. The Stochastic RSI points to a buying signal, and the traders have prompted high volume. In fact, the cost struggles below the pivot levels. Similarly, the general outlook for the market is that the pattern will remain bullish over the following trading days.

Resistance Level: $4.70 & $8.65

Support Level: $2.10

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Nikhil Ingole: Mr, Nikhil Ingole is a Chief Editor at The Market periodical with over five years of technical analysis & trading experience in Forex and Crypto. As a commerce graduate, he has taken a keen interest in blockchain's future potentials in the financial industry. A keen cryptocurrency enthusiast, he is very supportive of new media projects, pioneer ideas and the Bitcoin community. He possesses strong technical, analytical skills and is well known for his financial market's informative analysis. Other than crypto, Nikhil Loves to watch his favorite football team and keep up to date with the latest Formula 1 racing.