📊 Coin98 ($C98 ): What’s Behind the Pump — Real Momentum or Short-Term Hype?
Coin98 $C98 has recently seen a strong price surge of over 35%, attracting attention across the market. The key question traders are asking now is simple:
Is this a real move or just a temporary pump?
Let’s break it down logically.
Coin98 is a DeFi-focused ecosystem token that supports:
Multi-chain wallets
Cross-chain liquidity
DeFi access across multiple blockchains
It belongs to the DeFi infrastructure category, which often moves fast when market sentiment turns positive.
🚀 Why Is C98 Pumping?
1️⃣ Strong Technical Breakout
C98 recently bounced from the $0.018–$0.019 support zone, a level that held firmly. After consolidation, price broke above previous resistance with clean bullish candles.
This indicates:
Accumulation before the move
Buyers in control
A confirmed short-term trend reversal
2️⃣ Volume Confirms Real Interest
The pump came with a clear increase in volume, which is important.
Fake pumps usually happen with low or declining volume.
Here, volume expansion suggests real participation, not just manipulation.
3️⃣ DeFi Narrative Rotation
The market is currently rotating into DeFi and mid-cap coins as traders look for higher volatility opportunities after large-cap stabilization.
C98 benefits from this rotation due to:
Lower market cap
High beta moves
Familiar DeFi branding
4️⃣ Liquidity & Momentum Trading
Once C98 reclaimed the $0.025 level, it triggered:
Breakout traders
Stop-losses from short positions
Momentum algorithms
This added fuel to the rally and pushed price toward the $0.028–$0.029 area.
❓ Is This a Fake Pump?
🔴 Does NOT look like a classic fake pump, because:
The move started from strong support
Volume increased alongside price
Structure shows higher highs & higher lows
🟡 However, the rally is very sharp. This means:
Short-term pullbacks are normal
Price may consolidate before continuation
Vertical moves without rest are usually unsustainable.
📉 What to Watch Next
Holding above $0.025–$0.026 keeps the bullish structure intact
Losing this level may lead to a healthy retracement toward $0.023–$0.022
Continuation depends on consolidation, not hype
📝 Final Verdict
C98’s pump appears to be driven by technical breakout + volume + DeFi sector rotation, not pure speculation. While short-term volatility is expected, the move shows real momentum, provided key support levels hold.
📌 This is not financial advice. Always do your own research and manage risk.