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C98 Price Analysis: C98 Token Price Soars Higher In Uptrend

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  • C98 token price action projects a strong rally with strong bullish momentum.
  • C98 rises above all the crucial EMAs in the daily chart.
  • The token pair C98/BTC trades at 0.0001227 BTC with an intraday gain of +44.42%.
Source- tradingview

C98 Token price is trading above the 200-day EMA as it breaks above it with a price jump making continuous bullish candlesticks. Nevertheless, the consolidation formation in the past 8 hours indicating a struggle to sustain above $5.5.

The steep EMAs scheme bullishness and the 50-period EMA rising with the 100-period EMA implies a bullish crossover shortly resulting in a bullish rally in the token price.

The C98 Token price at the moment is $5.94, as the market cap increased by +45.42% over the past 24 hours. It means that prices are rising as the demand also increases.

The intraday trading volume of the token increased by 274.33% over the last 24 hours. It indicates that investors might gain interest in the coin, leading to a bullish price jump again.

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What Is COIN98?

Coin98 is described as a multi-chain liquidity broker that supports assets across multiple blockchains including Tron, Binance Smart Chain and Solana. Coin98 offers a wallet, which supports more than 25 networks on its desktop and mobile platforms.

The Coin98 roadmap outlines plans for a launchpad and a lending and borrowing platform. A megafarm, a derivatives marketplace and an NFT market are also planned.

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Coin98 was a Binance Launchpad Project in July 2021.

Bullish Retest In C98 Token Price Chart

Source – tradingview

The C98 token price has reached the horizontal level of $5.5 and may decide the future trend shortly. However, the increasing bullishness in the chart as the buying pressure increases lowers the possibility of a bearish reversal.

As per the pivot point standard, C98 may find support near the $4.5 and $3.8. However, in a bullish uptrend, the price may find opposition near the $7 mark.

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As per the 4-hour technical chart, c98 moves above all the crucial EMAs while the EMAs rise higher with a positive slope in a bullish alignment.

As the RSI line moves higher above the neutral zone, the RSI indicator (Bullish) implies a bullish state.

The ADX indicator implies growth in price trend momentum.

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