$C98 has entered a strong gaining zone today. On the 4-hour chart, the price jumped from around $0.0155 to $0.0211, giving more than 11% growth in a short time. This move shows strong buying pressure and renewed interest from traders.
The main reason behind this pump is high trading volume, which crossed 1.9 billion. High volume during a price breakout usually confirms real market demand. C98 also bounced from a strong support zone near $0.0150 – $0.0160, where buyers defended the price and pushed it upward.
From a technical point of view, the price moved above key moving averages (MA7 and MA25), which is a bullish signal. This indicates a short-term trend reversal. In addition, C98 broke out from a consolidation phase, meaning the market is shifting from sideways to an upward trend.
Key Levels to Watch:
Support: $0.018 – $0.016
Resistance: $0.022 – $0.025
Next Target: $0.028 – $0.030