🚀 Why is $C98 Pumping? Analysis for Feb 1, 2026
The recent price action for Coin98 (C98) isn't just a random spike; it’s a combination of fundamental ecosystem growth and a "coiled spring" technical breakout.
1. Fundamental Catalyst: The "Vietnam Infrastructure" Narrative
The biggest driver right now is Coin98’s strategic pivot toward becoming a national blockchain player.
G98 Launch & Tether Partnership: Early this year, the Ninety Eight ecosystem launched G98, a joint venture with G-Group aimed at building digital infrastructure in Vietnam. Tether Integration: The collaboration with Tether (USDT) to integrate blockchain into traditional digital platforms has significantly boosted investor confidence, positioning C98 as a bridge between Web2 and Web3 in Southeast Asia. 2. Technical Analysis: The Breakout from "Accumulation Hell"
Looking at the chart in your screenshot:
Double Bottom / Range Breakout: C98 has been grinding through a long accumulation phase near the $0.015 - $0.018 floor. The massive green candle shows a definitive break above the local resistance at $0.022. Short Squeeze: With 
C98 trading at low valuations for months, a sudden surge in volume (627M C98 in 24h) likely triggered a cascade of liquidations for short-sellers, fueling that vertical "wick" to $0.0321. RSI Divergence: Prior to this pump, there was a noticeable bullish divergence on the daily timeframe, suggesting that selling pressure had exhausted. 3. Ecosystem Utility: Fusion Card & Global Payments
The recent success of the Coin98 Fusion Card (powered by Visa) has finally started reflecting in the token's utility. As more users utilize $C98 for real-world spending at 150M+ merchants, the "burn" and "spend" mechanics are providing a fundamental floor that was previously missing.
📊 Key Levels to Watch Resistance: $0.0321 (Recent High). If it breaks this with volume, the next target is the psychological $0.040 level. Support: $0.0210 - $0.0220. It is crucial for $C98 to hold this "old resistance" as new support to avoid a "fakeout" scenario.
⚠️ Risk Warning: Altcoins with this much verticality often see a "cool-off" or retracement to the 0.618 Fibonacci level. Trade with a stop loss and don't FOMO at the top of the wick!
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