- C98 price analysis is slightly bearish but price stays above $3.6 support level.
- Price extends to $3.8 but currently residing at $3.7.
C98 price analysis is slightly bearish for today as the price goes down after a major upward rally. However, the price strongly stays above the $3.6 support level, and we can see an upward movement soon. Today’s high is recorded at $3.82, and the coin is a bit relaxing for the day. Overall, the bulls are winning the race by leaving bears far behind. The market is in a stagnant situation after 4-days continuous heat, and the biggest gainer is Axie Infinity (AXS), with a 33% gain at the moment.
The coin has a large engaging community, and on September 29, Jswap Finance tweeted that it supports the Coin 98 project, which increased the coin’s popularity even more.
Binance listed C98 on July 23, after which it exploded and made people run behind it. After a stagnant performance in September, the coin is gearing up and already started the journey to breach its all-time high.
The overall market seems to be bearish following the bullish performance of Bitcoin (BTC). BTC touched today’s high at $49,148 but came down to $47,300. It is currently trading at $47,700. After the grand entry of October, investors are not hesitating to put their money on altcoins.
C98 Price Analysis: C98/USDT pair movement in the last 24-hours
C98 price analysis in the last 24 hours has been a little slow when the trading volume went down by 39.75% at $170 million. The dominance rate of the coin is 0.03% which brings the coin to rank #220. Due to the bearish behavior of the currency, traders are silently waiting for the entry point. This is visible through the market cap going down by 8.32%, at $688 million.
The coin started its candle with $3.82, went down to $3.56, came immediately above the $3.6 support level. The coin is currently resting at the $3.7 zone, getting ready for another upward rally.
Yesterday’s rise in the price of the C98/USDT pair gave it a bullish acceleration which, it will use soon. The coin might follow BTC’s movement, which is also getting ready for further upward motion.
C98/USDT 4-hour price chart: Upward movement can follow
The C98/USDT pair can trade sideways for some time in the $3.6- $3.8 zone before continuing the upward motion as RSI, after a huge selling pressure, is also giving green flags for surging the price.
The fantastic performance by BTC at the start of the month will also contribute to the upward rally C98 is aiming for.
C98 price analysis: Conclusion
After reaching the low of September at $2.7, C98 has witnessed five continuous green candles on the daily chart from September 29. The coin rose from $2.7 to $4.15 in just five days, giving a clear hint of the arrival of the bulls. C98 is aiming for a new All-Time High (ATH) in the coming days, and we might see a considerable price surge making C98 cross its ATH at $6.4.
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