$C98 | Long-Term Base Formation Still in Progress?
C98 is currently trading around $0.0181, holding just above the major support zone after an extended downtrend from its $6.4588 peak. Price has spent a long time consolidating near the lows, indicating that aggressive selling has faded. While this does not confirm a bullish reversal yet, it does suggest the market is entering a potential accumulation phase where long-term buyers may gradually step in.
The first resistance to watch is $0.025–$0.030, followed by a stronger resistance zone around $0.045–$0.050. A breakout above these levels with increasing volume would be the first meaningful sign that momentum is shifting back in favor of the bulls. On the downside, $0.015 is the nearest support, while $0.0109 remains the critical level that must hold to preserve the current base. Until resistance is reclaimed, patience is key, as confirmation is far more reliable than chasing early price spikes.
Trade From Here (DYOR) 👇
C98 is currently trading around $0.0181, holding just above the major support zone after an extended downtrend from its $6.4588 peak. Price has spent a long time consolidating near the lows, indicating that aggressive selling has faded. While this does not confirm a bullish reversal yet, it does suggest the market is entering a potential accumulation phase where long-term buyers may gradually step in.
The first resistance to watch is $0.025–$0.030, followed by a stronger resistance zone around $0.045–$0.050. A breakout above these levels with increasing volume would be the first meaningful sign that momentum is shifting back in favor of the bulls. On the downside, $0.015 is the nearest support, while $0.0109 remains the critical level that must hold to preserve the current base. Until resistance is reclaimed, patience is key, as confirmation is far more reliable than chasing early price spikes.
Trade From Here (DYOR) 👇