Market Overview for Coin98/Tether (C98USDT): Range-Bound Trading Amid Low Volatility

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Friday, Jan 2, 2026 2:27 am ET1min read
C98
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Aime RobotAime Summary

- C98USDT traded range-bound between 0.0232-0.0241 with key support at 0.0233 and resistance at 0.0237.

- Neutral momentum shown by RSI (45-55 range) and contracting Bollinger Bands indicated low volatility.

- Volume spiked at market open then declined, with price testing 38.2% Fibonacci support at 0.0234 overnight.

- No clear breakout patterns emerged, but a breakdown below 0.0233 could trigger further downside to 0.0232.

Summary
• Price traded in a tight range with key support at 0.0233 and resistance at 0.0237.
• Momentum remained neutral, with RSI hovering near midline and no overbought/oversold signals.
• Volatility was low, with Bollinger Bands contracting through the session.
• Volume surged at market open, then declined gradually into the early morning hours.

Coin98/Tether (C98USDT) opened at 0.0237 on 2026-01-01 at 12:00 ET, touched a high of 0.0241, a low of 0.0232, and closed at 0.0234 on 2026-01-02 at 12:00 ET. Total volume for the 24-hour period was 10,196,306.4, while notional turnover amounted to 239,409.42 USDT.

Structure & Formations


Price remained range-bound within 0.0232–0.0241, with a key support at 0.0233 and resistance at 0.0237. A bullish engulfing pattern briefly formed during the early hours but failed to carry momentum. No clear reversal patterns emerged at the range boundaries, indicating a lack of conviction among traders.

Moving Averages


The 20- and 50-period moving averages on the 5-minute chart remained close together, reflecting low volatility. On the daily chart, the price hovered below the 50-period MA, suggesting a continuation of a minor downtrend.

MACD & RSI


The MACD line remained flat, while the histogram showed minimal movement, consistent with a consolidation phase. RSI remained in the 45–55 range for most of the session, indicating neither overbought nor oversold conditions and reinforcing a neutral momentum stance.

Bollinger Bands


Bollinger Bands narrowed throughout the session, signaling decreasing volatility. Price spent most of the session within the band’s middle third, with no meaningful breakouts or contractions to indicate a potential breakout attempt.

Volume & Turnover


Volume peaked at the start of the session and declined gradually through the night. Turnover mirrored the volume pattern, with no significant divergence from price. This suggests that the lack of directional movement was not driven by fading interest.

Fibonacci Retracements


Applying Fibonacci levels to the 5-minute chart swing from 0.0232 to 0.0237, price found temporary support at the 38.2% level (0.0234) during the overnight hours. A breakdown below 0.0233 could trigger a test of the 61.8% level at 0.0232.

The next 24 hours may see a continuation of sideways trading unless a catalyst emerges. Investors should watch for a potential breakout attempt from the 0.0233–0.0237 range, with the risk of a deeper pullback if the lower boundary fails.