1. Price Action & Candlestick Patterns
After hitting a new all-time low of approximately $0.0167 on January 31, 2026, the chart shows a sharp "V-shaped" recovery attempt.
Capitulation Spike: The long lower wick on the January 31 candle indicates a massive "stop-hunt" or capitulation, where sellers were exhausted and buyers aggressively stepped in.
Bullish Engulfing: The recovery on February 2-3 produced bullish engulfing patterns on the daily timeframe, reclaiming the $0.024 support level.
Current Trend: The price is currently testing the $0.030 resistance. A daily close above this level could confirm a shift from a bearish to a neutral-bullish mid-term outlook.
2. Technical Indicators
RSI (Relative Strength Index): Currently hovering around 62.5, recovering from extreme oversold conditions (<30). This suggests the momentum is shifting toward buyers, though it is not yet in "overbought" territory.
Moving Averages: C98 is currently fighting to stay above its 50-day SMA ($0.0215). The 200-day SMA remains a major overhead resistance near the $0.07 - $0.08 range.
MACD: A bullish crossover has occurred on the daily chart, with the histogram moving into positive territory for the first time in weeks.
3. Support and Resistance Levels
Immediate Resistance: $0.031 – $0.035 (Recent rejection zone).
Major Resistance: $0.196 (Historical pivotal area).
Key Support: $0.019 – $0.021 (Previous accumulation zone).
Critical Floor: $0.016 (New All-Time Low).
Fundamental Catalysts (February 2026)
The recent price surge is largely attributed to several high-impact fundamental developments:
G98 Joint Venture: Coin98's partnership with Tether to build national blockchain infrastructure in Vietnam. The 2026 roadmap includes launching compliant digital asset products for retail and institutional use.
Visa Fusion Card: The rollout of the Coin98 Fusion Card allows users to spend crypto at over 150 million Visa merchants globally, directly increasing the utility of the C98 token.
AI Integration: New AI-driven security upgrades for the Coin98 Wallet and cross-chain swaps are attracting DeFi power users.
Market Sentiment
The consensus among traders is Cautiously Bullish. While the broader market faces macro headwinds, C98 is being viewed as a "compressed spring" due to its fixed supply and extreme discount from previous highs.$C98
