In this Coin98 technical analysis, we will examine the current price action, trading volume, key levels and indicators for C98-USDT. Coin98 (C98) is a fast and secure cryptocurrency that utilizes a unique proof-of-stake consensus algorithm, allowing for lightning-fast transactions and low energy consumption. C98’s innovative features include a decentralized governance system and a flexible smart contract platform, making it an attractive option for both individuals and institutions looking to invest in the crypto market. With its strong focus on community engagement and development, Coin98 is poised to become a major player in the cryptocurrency space.
Coin98 Price Overview:
As of May 09, 2024, Coin98 is trading at approximately 0.2786 USDT. Let’s dive into the detailed price action for C98-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.2761 |
| High (H) | 0.2812 |
| Low (L) | 0.2672 |
| Close (C) | 0.2786 |
| Volume (C) | 6,935,920.00 |
- Open (O): The opening price for today’s trading session was approximately 0.2761 USDT.
- High (H): Coin98 reached a daily high of around 0.2812 USDT.
- Low (L): The daily low for C98-USDT was approximately 0.2672 USDT.
- Close (C): At the time of analysis, Coin98 is trading near its daily close of 0.2786 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 0.91% |
| 3D Change (%) | -1.55% |
| 7D Change (%) | -1.73% |
| 30D Change (%) | -33.75% |
| 90D Change (%) | 14.04% |
| YTD Change (%) | 5.81% |
Over the past three days, C98USDT has decreased by approximately -1.55%, showcasing increased market volatility. Throughout the last week, it continued to decline, with a loss of around -1.73%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with C98USDT maintaining a downward trend of approximately -33.75%, despite intermittent fluctuations. Examining the last 90 days, C98USDT has witnessed substantial rise of approximately 14.04%, reflecting strong long-term confidence. Year-to-date, C98USDT has steadily increased by around 5.81%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Coin98 Live Chart:
You can access a live price chart for C98-USDT on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.55834.
- Momentum score is 0.0142.
C98 USDT Technical Analysis
Coin98 Trading Volume:
The trading volume for Coin98 (C98) over the past 24 hours has been insignificant, with approximately 6,935,920.00 USDT traded against C98. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): C98 is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Coin98 is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for C98-USDT is currently in the low zone, around 44.18605. This suggests that Coin98 is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Coin98 (C98-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.
Explore Coin98’s (C98USDT) potential challenges at 2.79e-01 USDT as technical analysis leans bearish, emphasizing weakened support and cautionary indicators.
Don’t overlook our detailed insights on C98 BTC Coin98 Technical Analysis if you found this post captivating; it’s a must-read for further exploration.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.