🔍 C98 Analysis – Microcap Breakdown or Bounce Zone? 🔍

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🧪 C98, a low-cap altcoin tied to Coin98’s DeFi ecosystem, is facing intense selling pressure amid a broader market crash. With RSI hovering near oversold and volume surging, traders are watching closely for signs of capitulation—or a technical bounce.

📈 Technical Analysis

- Short-term trend: Bearish continuation

- Support levels: $0.0517 (24h low), $0.0500 (psychological support)

- Resistance levels: $0.0601 (24h high), $0.0656 (recent spike)

- Pattern: Sharp drop with no consolidation yet

- Volume trend: High volume suggests active selling

- Indicators:

- RSI at 44.38 – weak momentum, not yet oversold

- MA(5) and MA(10) show declining volume trend

- Short-term outlook: Bearish unless RSI rebounds and volume shifts bullish

📰 Market Data & News

- Current price: $0.0520

- 24h change: -11.41%

- Volume: C98 – 42.39M | USDT – 2.35M

- Market-wide crash triggered by hotter-than-expected U.S. PPI data, leading to $538M in long liquidations

🔄 Scenario Breakdown

- Bullish Case: RSI recovery above 50 with volume surge could push C98 toward $0.060+

- Bearish Case: Continued selling and RSI drop below 40 may drag price toward $0.050 or lower

📊 Sentiment Meter

📉 Bearish Bias – Weak momentum, macro-driven sell-off

⚠️ Risk Level

🔴 High – Volatile price swings, weak support, unclear trend

Will C98 reclaim $0.060 or dip below $0.050? Share your chart view 👇

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📢 Reminder: This is educational content. No guarantees, no advice—just charts, data, and perspective.$C98