Market Overview for Coin98/Tether (C98USDT): 24-Hour Analysis as of 2026-01-07

Summary
• Price fluctuated between $0.0242 and $0.0255, forming consolidation patterns near key levels.
• Volume surged during late ET hours, with $25k+ turnover observed around $0.0252.
• RSI and MACD signaled mixed momentum, with overbought conditions peaking but not confirmed.
• Bollinger Bands showed moderate expansion, indicating rising short-term volatility.
• Fibonacci levels suggested potential resistance at $0.0253–0.0255 and support at $0.0249–0.0247.

Key 24-Hour Price and Volume Activity

Coin98/Tether (C98USDT) opened at $0.0247 on 2026-01-06 at 12:00 ET, reached a high of $0.0255, a low of $0.0242, and closed at $0.0251 on 2026-01-07 at 12:00 ET. Total volume was 9.4 million C98, with notional turnover of $23,843.

Structure & Candlestick Patterns

The price formed a bullish engulfing pattern near $0.0249–0.0251 in the early hours of 2026-01-07, followed by a period of consolidation. A doji appeared near $0.0252 at 05:00 ET, signaling indecision. Key support levels appear at $0.0247–0.0249 and resistance near $0.0252–0.0255.

Momentum and Oscillators

RSI briefly peaked into overbought territory at 70 during the late ET session, but failed to maintain a breakout above $0.0253. MACD showed a narrowing histogram and a bullish crossover occurred just before the 24-hour close. Momentum appears to be gathering but lacks confirmation from volume.

Volatility and Bollinger Bands

Bollinger Bands expanded moderately from 02:00 to 09:00 ET, reflecting growing volatility as the price moved between $0.0249 and $0.0255. Price frequently tested the upper band, especially around $0.0253–0.0254, but failed to break above.

Volume and Turnover Divergence

A sharp increase in volume occurred from 04:00 to 07:00 ET, particularly during the $0.0251–0.0253 move, where notional turnover exceeded $20k. Turnover confirmed price strength during these hours but showed divergence during the 08:00–10:00 ET consolidation period.

Fibonacci Levels and Retracements

Applying Fibonacci retracements to the key 5-minute swing from $0.0242 to $0.0255, the 61.8% level at $0.0253 aligns with recent resistance. The 38.2% retracement at $0.0250 coincided with a major support cluster that held multiple times during the session.

Forward-looking, the price may test the $0.0253–0.0255 resistance zone over the next 24 hours if buyers re-engage after the consolidation. However, caution is warranted if volume fails to confirm any breakout, which could signal a potential pullback toward $0.0249.