Market Overview for Coin98/Tether (C98USDT) - 24-Hour Summary

Summary
• Price declined from 0.0227 to 0.0221, testing key support near 0.022.
• Volume spiked at 0.0223–0.0224 but failed to confirm strength.
• RSI showed oversold conditions at close, hinting potential short-term bounce.

24-Hour Price and Volume Snapshot

Coin98/Tether (C98USDT) opened at 0.0227 on 2025-12-29 12:00 ET, reached a high of 0.0227, a low of 0.0217, and closed at 0.0220 by 12:00 ET on 2025-12-30. The total 24-hour volume was approximately 12,492,314.9, while notional turnover stood at roughly 277,564.08 USD.

Structure & Formations

Price moved within a descending range, with resistance consolidating at 0.0225–0.0227 and support appearing firm around 0.022. A bearish engulfing pattern formed near 0.0224 in the early hours of 2025-12-30, followed by a doji at 0.0222 suggesting potential indecision.

Moving Averages and MACD

The 20- and 50-period moving averages on the 5-minute chart trended lower, confirming downward bias. MACD lines showed negative momentum with a bearish crossover earlier in the session, though a flattening in the final hours may signal a pause in selling pressure.

RSI and Bollinger Bands

RSI dipped into oversold territory by session close, indicating short-term exhaustion in the bearish move. Price closed near the lower Bollinger Band, pointing to low volatility and potential for a reversion or breakout.

Volume and Turnover

Volume surged near 0.0223–0.0224 as price approached key support, but failed to drive a rebound. Turnover remained in line with volume, suggesting a lack of divergent buying interest despite the accumulation.

Fibonacci Retracements

A 5-minute retracement from a recent high of 0.0227 to a low of 0.0221 positioned 0.0223 as the 38.2% level and 0.0224 as the 50% level. Price briefly bounced off both, but the 61.8% level at ~0.0221 appears to have acted as a temporary floor.

Price may test the 0.022–0.0222 range for a short-term bounce, but without a clear reversal pattern or surge in volume, further consolidation or a gradual drift lower is likely over the next 24 hours. Investors should watch for a break above 0.0224 as a potential early bearish signal.