$C98 / USDT – Building Momentum? Testing Key Resistance! 💪
$C98 / USDT is currently trading around $0.0633 on Binance, showing a positive move of nearly 7.5%! It's approaching a level that could dictate its short-term direction.
Key Observations:
* Steady upward movement with consecutive green candles on the 4-hour chart.
* Currently testing the 24-hour high of $0.0633, acting as immediate resistance.
* Trading volume appears to be increasing.
Potential Scenarios:
* Breakout Attempt: If C98 can decisively break and hold above $0.0633 with strong volume, we could see a push towards the $0.0640 - $0.0650 resistance zone.
* Consolidation at Resistance: We might see a brief period of consolidation just below this level before a potential breakout attempt.
* Possible Rejection: Failure to break through $0.0633 could lead to a pullback towards the $0.0620 support level.
Key Levels to Watch:
* Resistance: $0.0633 (24h High), $0.0640 - $0.0650 zone.
* Support: $0.0620, $0.0610.
Remember to always trade responsibly and conduct your own thorough research before making any trading decisions. Keep a close eye on that resistance level!
