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

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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.

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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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Coin98 price analysis: C98/USD price expected to dip to $3.5 in the next 24 hours

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Coin98 price analysis: General price overview

C98 was following a favorable trend on the previous day’s Coin98 price analysis chart. However, this bullish movement was halted by solid selling pressure when the daily rice analysis chart set in, causing the prices to drop sharply to the lowest level on the daily price analysis chart at $3.9. The bulls seemed to be on the drawing board strategizing a possible attack that would alter the current negative trend. The bulls congregated in large numbers and amassed enough power to establish solid support that reversed the bearish trend, causing the Coin98  to surge.

The Bollinger bands are narrow on the early trading hours, meaning the coin is moderately volatile. The rice was lying slightly above the Lower band and shown possibilities to cross below the band; this indicates that the market is in the hands of the sellers.

The daily price analysis chart shows that the coin has been trading moderately within a tight range, meaning the coin is trading in a less volatile market.

On the five-day Coin98 price analysis chart, 50-day MA seems to have crossed above 100-day MA. This is an indication of a potential bull market. 

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Most of the crypto heatmap parts are greenish, meaning the bulls dominate the market and are set to push the prices to where they were before the current dip.

Coin98 price analysis

Source: Coin360

The most popular digital asset BTC is presently priced at $46.9K and will reach $50K. ETH, is trading around $3.5K with a 4 percent increase. The bulls are eyeing ETH’s target of $4K as their next stop. Buyers intend to bring BNB back to its previous value before the current price dip. 

C98/USD price movement in the last 24 hours: Buyers outdo the sellers

C98 is trading in a slight bullish momentum on the daily price analysis chart. Coin98 has a trading volume of about $333 million and a market capitalization of $187 million, ranking it number 249 in the overall market.

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The C98/USD pair has been trading moderately on the daily price analysis chart. The red and green candlesticks seem to be of the same number hence the moderate market trend.

C98/USD 4-hour price analysis chart: Bear dominance

On the four-hour price analysis chart, sellers seem to have gotten a slight bearish momentum as the red candlesticks outnumber the green ones.  

Coin98 price analysis: C98/USD price expected to dip to $3.5 in the next 24 hours 1

Source: Tradingview

The Balance of Power indicator ranges on the negative side, meaning the seller’s pressure has overwhelmed the strength of the weak bulls making the buyers watch while sellers cause further price dips.

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Coin98 price analysis: Conclusion

The MACD line has crossed below the red signal line implying the coin’s bear pressure is so intense, and it is likely to cause further price dips. In addition, the short red bars have outnumbered the green bars on the MACD histogram, indicating that the market is trading in a bearish trend. If the selling pressure continues, the price might dip to $3.5 in the next 24 hours.

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Coin98 price analysis: C98/USD set to surpass intraday high of $4.6

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Coin98 price analysis: Overall general price movement

Towards the closure of yesterday’s Coin98 Price analysis chart, the price traded moderately. Bulls saw there is a gap in the market. Therefore they came in more robust. The bull pressure was so tremendous for the bears to cause resistance. For the first 15 minutes, buyers controlled the market, sending the prices to an intraday high of $4.6, where it faced solid resistance from the angry bears. The price dropped to intraday lows of $4.5, forming several inverted triangles.

During the opening of the 24-hours price analysis chart, the Bollinger bands were narrow, suggesting a low volatile market. The Bollinger bands are becoming widespread in the one-hour price analysis chart, meaning the Coin98 is becoming more volatile. The coin price seems to be pointing towards the upper band, signaling a buying pressure as per Coin98 price analysis.

Most parts of the cryptocurrency heat map bleed. The general view of the virtual currency market is bearish. 

Coin98 price analysis: C98/USD set to surpass intraday high of $4.6 1

Source: Coin360

The largest digital asset Bitcoin continues to dip. Bitcoin has recorded a drop of more than -3 percent from yesterday’s price, and it is trading at $46K. The second-largest digital asset ETH trades in a promising trend since yesterday. Ethereal is trading at $3.2K, a 0.7 percent increment compared to yesterday’s price.

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Most of the altcoins are trading in bearish trends. The Binance coin is trading at $359, which is a 3 percent decline. Since yesterday, FTM has been leading the cryptocurrency gainers list. However, the percentage gains have been dropping since then, and currently, it has a 25 percent price increase. At the time of writing Coin98 price analysis shows that Coin98 is trading in a positive trend with gains of 1 percent.

Coin98 price movement in the last 24 hours: Worrying trend unfolds

C98/USD traded in a range of $4.5 – $4.7, indicating low volatility over the last 24 hours. C98/USD Trading volume totals $241.5 million, while the total market capitalization trades around $881 million. C98 overall rank is #214.

C98/USD 4-hour chart: Indicators suggest a bull run

Coin98 price analysis: C98/USD set to surpass intraday high of $4.6 2

Source: TradingView

At the time of writing, the RSI is leaning on the 50 mark and seems to be going towards the overbought region. This suggests that buyers are almost taking control of the market to cause a price surge.

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The MACD line seems to be crossing over the red line. This shows that the buyers are almost outnumbering the surrendering sellers. If buyers’ pressure overdoes the selling pressure, C98/USD might record a significant surge.

1- hour C98/USD price analysis chart: Bullish trend is back

On the 1-hour price analysis chart, the buyers seem to have outnumbered the mighty bears and are set to surpass the intraday high of $4.6. The balance of power indicator is at -1, meaning buyers are more robust than the sellers. This suggests that the market will continue being bullish if the buying pressure continues.

Coin98 price analysis: C98/USD set to surpass intraday high of $4.6 3

Source: Tradingview

Coin98 Price analysis: Conclusion

In the early trading hours, the bears were in control of the market. However, in the last one hour, the market has been bullish. If the buying pressure persists there is a likelihood of the coin surpassing its intraday high.

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Coin98 price analysis: Will C98 touch $6 over the weekend?

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  •  Coin98 price analysis chart was generally bullish.
  • The overall cryptocurrency heat map is generally positive, with just a few altcoins bleeding, while the main part of the map is green. 
  • Yesterday’s Coin98 price analysis chart was generally bullish.

Coin98 price analysis: General price overview

Yesterday’s Coin98 price analysis chart was generally bullish. In the opening of today’s price analysis chart, the sellers were in control of the market resulting in bearish momentum. After a supercharge in the overbought condition, the price moved up and down within an ascending triangle pattern.

The bulls prevented the bears from taking control of the market by intruding and triggering a price increase in a rising wedge. To reach an intraday high of $5.1, where it met resistance, the sellers had to outnumber the buyers. The sellers regained control of the wheels and pushed prices lower.

Coin98 price analysis: Will C98 touch $6 over the weekend? 1
Source: Coin360
The overall cryptocurrency heat map is generally positive, with just a few altcoins bleeding, while the main part of the map is green. Bitcoin (BTC) has increased by only 0.7 percent compared to yesterday’s price and is now trading at $49.3K. It continues to dominate the market, dominating 45.5 percent.
The second biggest coin in history, ETH, has likewise recorded a decrease of less than 1 percent and is currently valued at $32K. Binance Coin (BNB) has appreciated by 0.5 percent and is currently trading at $489.
The majority of the cryptocurrencies have made gains. However, Coin98 has fallen 3 percent from yesterday’s rice price of $5.2 and is now valued at $4.9. Today, NEAR is the most optimistic, with a 7 percent increase in value.
Coin98 price movement in the last 24 hours: Coin98 in reds?
The price of Coin98 has stayed relatively flat over the last day, fluctuating between a narrow range of $4.8 and $5.2. The currency was nosediving early in the day before the bulls reclaimed control of the market. When writing, buyers still control the market, and most indicators indicate a potential bull run.
Coin98 price analysis: 4-hour chart: Coin98 set to break $6 next?
The RSI is in the neutral zone, with a potential move into the overbought region, which suggests that the next several hours will be bullish.
Coin98 price analysis: Will C98 touch $6 over the weekend? 2
Source: Tradingview
When writing the balance of power, the indicator is at -1, meaning that the buyers have more potential than the sellers. This is also another signal promising a bullish market in today’s chart, and the price of C98 cold pick to $6 soon.
Coin98 1-hour price analysis chart: Bullish signal
The Bollinger Bands are an essential signal of whether the market is likely to rise or fall. At the moment, the price is near to the top band, suggesting a rise. The MACD line has crossed over the red line, implying that buyers are in control and that the price will continue to rise.
Coin98 price analysis: Conclusion
Our daily Technical analysis is bullish, and we expect the same to prevail in the next 24 hours. Most of the technical indicators are showing potential bulish signals. If bulls continue dominating the market, the price of C98 will be at $6 in the next few hours.

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