Coin98 (C98USDT) 24-Hour Market Overview

Coin98 (C98USDT) 24-Hour Summary

• Price oscillated between $0.0507 and $0.0538, closing near the daily high of $0.0533.
• A bullish engulfing pattern formed near $0.052 resistance, signaling potential upside momentum.
• Volume spiked during sharp dips below $0.0525, indicating buying interest at support levels.

Structure & Formations

Coin98’s price tested support at $0.052 consistently throughout the period, with buyers stepping in during three notable dips (at 03:15, 06:45, and 11:45 ET). Resistance at $0.0535–$0.0538 appears key, as price reversed sharply from this area twice. A bearish harami pattern emerged on July 15 at $0.0524, but failed to sustain a downward move.

Moving Averages

On the 15-minute chart, the 20-period MA ($0.0521) remains below the 50-period MA ($0.0524), suggesting a neutral short-term bias. The daily chart shows the 50-period MA ($0.0527) above both the 100- and 200-period MAs, indicating a longer-term bullish trend.

MACD & RSI

The MACD line crossed above its signal line at $0.0522, hinting at a bullish reversal. RSI oscillated between 45 and 55, remaining neutral—no clear overbought/oversold signals.

Bollinger Bands

Price hugged the lower band ($0.0515) during dips below $0.052 but returned to the middle band ($0.0523) as volatility contracted. A breakout above the upper band ($0.0531) could signal sustained upward momentum.

Volume & Turnover

Total volume reached 22,468,523 units, with turnover at $6,392 (sum of all ‘amount’ values). Volume surged during declines (e.g., a $725K volume candle at 03:15 ET), suggesting panic selling. Conversely, rallies saw subdued volume, hinting at cautious buyer sentiment.

Fibonacci Retracements

A swing from $0.0507 (low) to $0.0538 (high) defines a 38.2% retracement at $0.0523 and 61.8% at $0.0516. Price respected these levels as support/resistance during intraday moves.

Outlook & Risk

Coin98 may test resistance at $0.0535–$0.0538 over the next 24 hours, with the bullish engulfing pattern acting as a catalyst. However, a breach below $0.052 could trigger a deeper pullback toward $0.0515. Traders should monitor volume confirmation during rallies and prepare for volatility near key levels.

Data as of July 15, 2025. Always consider market risk and diversification.