📉 Short-Term Price Action
• Recent data shows C98 has been volatile and under pressure, trading well below key moving averages and recent highs. Technical indicators suggest bearish momentum with oversold tendencies.
• Market sentiment in crypto remains cautious (“fear” zone), often meaning altcoins like C98 lag behind BTC performance.
Key Technical Levels to Watch:
Short-term support around recent lows (~$0.018–$0.02)
Resistance near short moving averages (~$0.023–$0.024)
🔄 Fundamental / Longer-Term View
• C98 is the utility token of the Coin98 ecosystem, including multi-chain wallet & DeFi products, but token price is still far below its all-time high (~$6.42).
• Some forecasts from other models show mixed expectations — ranging from modest gains to continued sideways/weak trends — highlighting high uncertainty.
🧠 What Traders Are Watching
Bullish Catalysts
✅ Oversold readings can attract short squeezes
✅ Any project updates or increased DeFi usage
Bearish Risks
❌ Weak broader altcoin market
❌ High supply & low liquidity pressure
📊 Summary
➡️ C98 is in a bearish trend short-term, trading at low levels after a long downtrend. Current technicals show oversold conditions but sentiment remains weak. Key break above short moving averages (~$0.023+) is needed to shift bias. Long-term upside depends on adoption of ecosystem products — but price is volatile and highly speculative.
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