The $C /USDT trading pair has shown modest upward momentum over the past 24 hours, with the price of C currently sitting at 0.2115 USDT — a 1.83% increase. This growth reflects a slight bullish sentiment, supported by the price nearing the 24-hour high of 0.2154 USDT. The short-term 7-period moving average at 0.2065 indicates recent buying pressure, while the longer-term 99-period MA at 0.2136 suggests that the price is still slightly below its broader trend resistance. The 25-period MA, sitting at 0.2092, reinforces the current price range as a potential short-term consolidation zone.
Trading volume also supports this modest bullish case. With 22.82 million C traded in the past 24 hours against 4.77 million USDT, market participants seem actively engaged. The narrowing gap between the high and low over the 24-hour period suggests reduced volatility, possibly signaling an accumulation phase. However, the current price hovering below the 99-period MA could mean that traders are waiting for a clearer breakout before committing to a stronger upward move. This positioning places C in a potentially pivotal zone, where it could either continue its upward trend or face short-term resistance and retracement.