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Coin98 Price Analysis: C98 in a Rest Period Before Another Pump



Source: C98/USDT on TradingView

The daily technical chart and price action of Coin98 display an upward trend. According to the pivot levels, the primary support level is $4.65. On the other side, if it rushes up, the resistance level to follow is $5.90. Although the chart forms a Doji candlestick pattern within the day, it is predicted that the price may remain sideways with medium reliability.

The Zig-Zag framed a bottom of $1.0 on July 30. After that, investors can notice a massive pump of 551.36%, all the way up to $6.44. Now price levels have plummeted to around $5 this week. 

The volume of (850K) is below the MA of 20-days (22.679M). As a result, the volume is low, causing its price to struggle around the resistance zone. Investors may also mark that the volume bars on the chart are inclining, which intimates that notable volatility is expected in the upcoming trading session. 

The MACD indicator gives (bearish) crossover below the signal line on Aug 26, indicating a buy signal in the coin. Moreover, Investors can see red bars in the Histogram index.

Coin98 Price Expecting 20% in Short Term

Today’s price of Coin98 is US$5.16, and the 24-hour trading volume is US$492,351,857. The price of C98 has increased by 13.3% in the past 24 hours. The circulation of C98 coins is 190 million, with a total of 1 billion. The MACD indicator shows a sell signal, and the traders have guided low volume. Technically, the price sustains at the resistance zone and remains in an upward trend. Therefore, as with overall market sentiment, the trend remains bullish.

Resistance Level: $5.90

Support Level: $4.65

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