Why Coin98 (C98) Price Is Moving Up – Technical Breakdown
C98’s recent upside move is a momentum breakout after accumulation, backed by EMA alignment, volume expansion, and market rotation into DeFi alts.
This is a technically justified move, not random noise.
🟢 1. Breakout from Accumulation Range
C98 spent time consolidating between $0.024–0.026, forming:
A tight accumulation base
Lower volatility compression
Absorption of sell pressure
Once price broke above $0.026, it triggered momentum entries.
⚡ 2. Bullish EMA Alignment (15m–1H)
On lower timeframes:
EMA(7) > EMA(25) > EMA(99)
Price is holding above short and mid EMAs
This structure confirms:
Short-term trend flip bullish
Dips are being bought
Momentum favors continuation unless EMAs are lost
📊 3. Volume Expansion Confirms the Move
The breakout candle was supported by:
A clear volume spike vs previous candles
Follow-through buying after the initial push
Volume + structure = validated breakout, not a fake pump.
🧠 4. Liquidity Grab Above $0.027
The push toward $0.0297 swept:
Equal highs
Short stop losses
Breakout trader entries
This created the fast move, followed by a healthy pullback, not a collapse.
🔄 5. DeFi & Low-Cap Rotation
C98 benefits from:
Rotation into DeFi-related tokens
Traders hunting lagging, low-cap setups after majors stabilize
Once liquidity flows in, these coins move fast.
🔍 Current Structure (Around $0.0282)
Right now C98 is:
Holding above the breakout level
Consolidating after impulse
Still bullish while above $0.0274
📌 Key Levels to Watch
Support: $0.0274 / $0.0261
Resistance: $0.0287 – $0.0300
Clean break above $0.030 → continuation potential
⚠️ Failure to hold $0.027 risks a deeper pullback to EMA(25).
🧩 Conclusion
C98 is moving up due to: ✔️ Accumulation breakout
✔️ Bullish EMA structure
✔️ Volume-backed impulse
✔️ Liquidity sweep & rotation into DeFi
As long as structure holds, trend remains bullish, but patience is key after an impulsive move.
