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

Generated by AI AgentTradeCipherReviewed byAInvest News Editorial Team
Sunday, Dec 7, 2025 2:04 pm ET1min read
Aime RobotAime Summary

- C98USDT tested 0.0281 support and 0.0303 resistance, forming a bearish engulfing pattern near 0.0302-0.0291.

- RSI briefly hit overbought 71 during the 0.0303 high, while afternoon volume declined despite short-covering attempts.

- Bollinger Bands showed morning volatility expansion to the upper band at 0.0303, with price now near the lower band at 0.0281.

- Fibonacci levels highlight 0.0293 (38.2%) and 0.0290 (61.8%) as potential support, with a break below 0.0281 risking a drop to 0.0273.

Summary
• Price formed key support near 0.0281 and tested resistance around 0.0303, with mixed momentum signals.
• RSI indicated overbought conditions briefly, while volume declined in late-day consolidation.
• Bollinger Bands showed volatility expansion in the morning, with price near the upper band at 0.0303.
• A bearish engulfing pattern emerged after the 0.0302 high, suggesting potential short-term reversal.

Coin98/Tether (C98USDT) opened at 0.0291 on 2025-12-06 at 12:00 ET, reached a high of 0.0303, touched a low of 0.0281, and closed at 0.0281 at 12:00 ET on 2025-12-07. Total volume was 29,551,193.7

USDT
, with a notional turnover of $843,495.

Structure & Formations


The pair formed a bearish engulfing pattern near 0.0302–0.0291, signaling potential short-term reversal. Key support was tested at 0.0281 with a retest observed, suggesting this level may hold.
Resistance appears near 0.0303, where a failed breakout occurred. A doji formed at 0.0282, hinting at indecision.

Moving Averages


On the 5-minute chart, the 20-period MA crossed below the 50-period MA (death cross), reinforcing bearish bias. Daily moving averages (50, 100, 200) remain relatively flat, indicating no strong directional signal at the daily timeframe.

Momentum Indicators


RSI reached 71 during the 0.0303 high, briefly suggesting overbought conditions, but failed to hold. MACD showed bearish divergence in the afternoon, with a negative histogram expanding. This implies weakening bullish momentum despite short coverings.

Bollinger Bands


Bollinger Bands expanded in the morning as volatility increased, with price reaching the upper band at 0.0303. Afternoon trading saw a contraction, and current price sits near the lower band at 0.0281, suggesting oversold potential.

Volume and Turnover


Volume spiked during the early morning breakout toward 0.0303 but declined sharply in the afternoon. Turnover was concentrated in the 0.0291–0.0302 range. A divergence between price and volume in the late hours suggests weakening conviction in the bearish move.

Fibonacci Retracements


Fibonacci levels from the 0.0281–0.0303 swing suggest 0.0293 (38.2%) as a possible support and 0.0290 (61.8%) as a deeper level. A break below 0.0281 would test the next leg down toward 0.0273, a prior low.

In the next 24 hours, a retest of 0.0303 may trigger a short-term bounce, but a close below 0.0281 could signal a deeper correction. Traders should watch for volume confirmation on any rallies.