Coin98 ($C98) has recently captured traders’ attention with a sharp upward move against USDT, as reflected in the 4‑hour chart. The token is currently priced at 0.0312 USDT, marking a 29.46% increase in the past 24 hours. This rally has pushed $C98 close to its recent high of 0.0355 USDT, while maintaining strong support above the 0.0226 USDT low.
Technical Indicators
The Bollinger Bands (20,2) highlight the volatility surge. The upper band at 0.0306 has already been breached, suggesting strong bullish momentum. The middle band at 0.0256 now acts as a dynamic support, while the lower band at 0.0207 remains a distant safety net. Price action outside the upper band often signals overextension, but in this case, volume confirms genuine buying pressure.
Volume & Market Sentiment
Trading activity has spiked, with 234.40M C98 exchanged in the last 24 hours, equivalent to 6.81M USDT. This surge in volume validates the breakout, showing that buyers are not just speculative but committed. High volume accompanying a price rally often indicates sustainable momentum rather than a short‑lived pump.
Outlook
The candlestick structure shows consecutive green candles, reflecting strong buyer dominance. If $C98 consolidates above the 0.0300 USDT zone, it could attempt another push toward 0.0400 USDT. However, traders should remain cautious: rapid gains often invite profit‑taking, and a pullback toward the middle Bollinger band (0.0256) would not be unusual.
Conclusion
$C98’s recent performance demonstrates renewed interest and strong bullish sentiment. With technical indicators aligning and volume supporting the move, the token is positioned for potential continuation. Still, disciplined risk management is essential, as volatility remains high.
