• The recent price pump in $C98 (Coin98) is mainly driven by a strong combination of technical breakout, volume expansion, and renewed short-term market interest in DeFi-related tokens. On the 1H chart, C98 clearly broke above its previous consolidation zone around $0.025–$0.027, which acted as a strong resistance for several sessions. Once price pushed above the middle Bollinger Band and successfully reclaimed it as support, momentum buyers stepped in aggressively. This move was supported by expanding bullish candles and increasing trading volume, signaling genuine demand rather than a weak speculative spike. The Bollinger Bands also began to expand upward, which typically confirms volatility expansion after a compression phase — a classic breakout signal.

  • From a market-structure perspective, $C98 printed a higher low near $0.0226 and then formed consecutive higher highs, confirming a short-term trend reversal. The sharp price move toward the upper Bollinger Band near $0.0311 suggests strong bullish momentum, while the 24h volume spike indicates increased participation from traders and short-term investors. Fundamentally, Coin98 remains closely linked to DeFi ecosystem activity, and any improvement in overall market sentiment often attracts rotation flows into mid-cap DeFi tokens like $C98 However, after such a rapid pump, short-term pullbacks or consolidation phases are common as early buyers take profits. The overall structure remains bullish as long as price holds above key support levels, making this move technically significant rather than random.

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