$C98 📊 Technical Update: C98/USDT (4-hour chart)
The coin is currently trading at 0.01316 and moving within a very narrow range between critical support and resistance levels to determine the next direction.
🔍 Indicator Readings:
Moving Averages: The price is holding above the MA(7) at 0.01310, preventing an immediate drop, but it is directly hitting resistance at the MA(99) at 0.01320 and the MA(25) at 0.01337. The range is extremely tight, and a price breakout is approaching.
Relative Strength Index (RSI): At 46.18 in the neutral zone, indicating flexibility for the upcoming move as liquidity exits its low-activity state.
🎯 Expected Scenarios:
Bullish Scenario: A breakout above 0.01337 with a confirmed 4-hour candle opens the way directly to retest the previous high at 0.01438.
Bearish Scenario: Breaking the 0.01310 support level and holding below it will push the price back to test the immediate bottom at 0.01282.
💡 Trading Tip: Closing above the moving-average zone (0.01337) is the key to safe entry; otherwise, the move remains sideways and dull.
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