Coin98 $C98 is currently trading near its historical low zone, indicating a high-risk, high-reward structure. After a long bearish trend from its 2021 peak, price action has been consolidating in a narrow range, suggesting seller exhaustion at lower levels.
On the technical side, $C98 is forming a base near key demand support, where price has repeatedly bounced in recent sessions. Volume remains relatively low, but any increase in volume with a strong bullish candle could signal a short-term relief rally.
From a market psychology perspective, most weak hands have already exited, and the token is trading far below its all-time high. Such zones often attract speculative buyers looking for short-term rebounds rather than long-term holds.
Bullish scenario:
A confirmed breakout above nearby resistance with volume could open room for a quick upside move.
Bearish scenario:
Failure to hold current support may lead to further slow downside or sideways movement.
Overall, $C98 is currently more suitable for short-term traders watching volume and breakout confirmation rather than aggressive long-term investment.
Disclaimer: This content is for educational purposes only and not financial advice.
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