- C98 was following a favorable trend on the previous day’s Coin98 price analysis chart.
- The daily price analysis chart shows that the coin has been trading moderately within a tight range.
- C98 is trading in a slight bullish momentum on the daily price analysis chart.
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.
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.
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.
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.
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.
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.
Coin98 price analysis: C98/USD set to surpass intraday high of $4.6
- Towards the closure of yesterday’s Coin98 Price analysis chart, the price traded moderately.
- The general view of the virtual currency market is bearish.
- The largest digital asset Bitcoin continues to dip.
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.
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.
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
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.
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: 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.
Coin98 price analysis: Will C98 touch $6 over the weekend?
- 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: C98 surges to $6.5, more upside ahead?
- Yesterday’s Coin98 price analysis chart was bearish in the last minutes.
- In the opening of today’s price analysis chart, the Bollinger bands were wide, suggesting a more volatile market.
- The general cryptocurrency market is bullish, as the heat map suggests.
Coin98 price analysis: General price overview
Yesterday’s Coin98 price analysis chart was bearish in the last minutes. Today, the buyers could not watch the sellers control the market, so they gathered in numbers, stormed the market, and forced the coin price to surge. The bullish momentum continued for ten minutes before facing resistance at an intraday high of $5.4. During this time, the sellers were strategizing for a comeback.
Moments later, the angry bears came in more potent, making the price drop in a falling wedge before facing resistance at an intraday low of $5.0. The coin traded in head and shoulder trend for a few hours before the bulls took control of the market. The bulls made the price surge in a buying trend to $5.2, where it faced strong resistance from the sellers who were ready to fight the bulls.
The general cryptocurrency market is bullish, as the heat map suggests. The most prominent digital currency BTC has recorded a four percent increase, and the coin is trading at $48K. Its all-time close competitor ETH is also bulish, it has also recorded a four percent increment, and it is currently trading at $3K. Other altcoins are also bullish, with CELO recording the highest gain of 48 percent. Coin98 has also recorded a gain of 17 percent, and it is currently trading at $5.1.
Coin98 price movement in the last 24-hour: Bullish trend continues
In the opening of today’s price analysis chart, the Bollinger bands were wide, suggesting a more volatile market.
In the last 24 hours, Coin98 has been trading in the range between $5.0 and $5.4, suggesting low volatility. Generally, in the 24 hours price analysis chart, the coin has been trading a head and shoulder trend suggesting a bullish market.
Coin98 price analysis: 4-hour price chart
The 4-hour price analysis chart began with the sellers controlling the market. However, Buyers came in and made the price surge. Since then, the market has been bullish.
At the time of writing, the Relative Strength Index RSI is at the neutral zone at 46, and it is likely to go to the overbought region. This suggests that the bullish momentum is going to continue in the next 24 hours.
Coin98 price analysis:1-hour chart suggests more potential surge?
At the time of writing, C98 is trading at 5.1. The MACD line has crossed over the red line suggesting a buy pressure. The balance of power indicator is -1 meaning, bulls have more strength than the sellers, which could foster a surge of C98 price.
Coin98 price analysis conclusion
Coin98 is experiencing a bullish momentum at the moment, and it seems the momentum will continue in the next 24 hours. This might make the price of C98 hike to $6.5 in the next 24 hours.