Structural Weakness: $C98 is trading 7.69% below its 200-day MA and 6.15% below its 20-day average, confirming a deep structural downtrend.
Capital Flight: The Altcoin Season Index is at 25, meaning liquidity is leaving alts like $C98
C98
0.0312
-6.58%
to hide in Bitcoin (dominance at 58.9%).
Momentum Trap: The MACD is negative at -0.00025, and while the RSI is 40.67, it hasn't hit the "oversold" 30-level yet, leaving room for more downside.
Volume Drain: Trading volume dropped 5.08% recently, showing a lack of buyers willing to defend current price levels.
Key Targets: If the $0.0212 support fails, the technical "floor" sits at $0.0183.