Coin98 (C98USDT) 24-Hour Market Overview

Coin98 (C98USDT) traded within a 0.0091 range over 24 hours, closing at 0.0583 (vs. open of 0.0527 at 12:00 ET-1). The session high hit 0.0617, while lows reached 0.0526. Total volume reached 39,443,718 units, with notional turnover accumulating to 46,24 USD (note: turnover metric appears mislabeled in input data).

Summary

• Price surged 17% in 1-hour spike (0.0592→0.0617), forming critical resistance near 0.0620.
• Bullish engulfing pattern emerged at 00:15 ET, but volume contraction suggests fading momentum.
• Double-bottom support holds near 0.0575-0.0580 after two retests.
• RSI briefly hit overbought (72) during peak, pulling back to neutral 60-65 range.
• Bollinger Bands expanded 4.5% during volatility, compressing as price stabilized.

Structure & Formations

The 0.0620 resistance (session high) aligns with Fibonacci 61.8% retracement of the prior 0.0526-0.0617 swing. A double-bottom at 0.0575-0.0580 formed after two failed tests on July 16. A bearish harami pattern emerged at 01:00 ET, but the 00:15 bullish engulfing retains near-term dominance.

Moving Averages

The 15-minute 20/50 EMA crossover occurred at 00:15 ET (0.0592→0.06), with price holding above both (0.0582/0.0578). Daily 50/100 EMA likely resides near 0.0550-0.0560, far below current levels.

MACD & RSI

MACD histogram spiked to +0.003 during the rally, retreating to neutral +0.0015. RSI briefly entered overbought territory (72) at 0.0617, but stabilized at 63 after retracement—no clear divergence yet.

Bollinger Bands

The bands expanded to ±2.5% from the midline during the spike, contracting to ±1.2% by session close. Price currently trades near the upper band (0.0583 vs. upper 0.0587), signaling potential pullbacks.

Volume & Turnover

A 12.3M-unit surge at 00:15 ET (17.3% of total volume) created a volume spike, followed by 50% lower activity in subsequent candles. No clear divergence detected between price and volume, though waning liquidity hints at exhaustion.

Fibonacci RetracementsThe 38.2% retracement of the 0.0526-0.0617 swing rests at 0.0593, while 61.8% resistance holds near 0.0580. A 23.6% pullback (0.0599) became a short-term pivot.

Forward Outlook

C98USDT may test 0.0620 resistance within 24 hours, but fading volume and overbought conditions raise risk of a pullback toward 0.0580. Traders should monitor 0.0575 support for trend confirmation—breaks below could accelerate declines toward 0.0550.

Risk caveat: Volatility spikes and liquidity gaps remain possible given recent extremes.