$C98 STRUGGLING TO STABILIZE – SHORT-TERM RELIEF OR MORE DOWNSIDE AHEAD?
$C98 is trading at 0.0644, attempting a weak rebound after tumbling nearly -12% on the day. Volume is holding at 556.08K, and price is testing a minor resistance area with heavy sell pressure still visible (65.24% dominance).
Key Support & Resistance Levels:
• Resistance:
• 0.0646 – Immediate hurdle
• 0.0660 – Next breakout checkpoint
• Support:
• 0.0637 – Local support zone
• 0.0631 – 24h low and critical breakdown level
Trade Setup – Defensive Scalping Opportunity:
• Entry Zone: 0.0642 – 0.0644
• TP1: 0.0646
• TP2: 0.0660
• Stop-Loss: Below 0.0631
C98 is showing signs of exhaustion, but a minor bounce is underway. If bulls hold above 0.0637 and break 0.0646, a recovery toward 0.0660 is possible. Otherwise, the bearish structure could drag it lower.