Coin98 (C98) is navigating a period of technical consolidation on Binance, characterized by a price of approximately $0.024 $USDT and a market cap of $25.2 million. The token is currently testing a critical demand zone between $0.023 and $0.0238, having recently faced a rejection at the $0.0255 resistance level, which aligns with its 50-day moving average.
Technical indicators are mixed; while the RSI remains in a neutral zone near 46, signaling a lack of immediate momentum, some analysts point to a bullish divergence on the daily charts that could precede a relief rally. Traders are closely monitoring the $0.026 pivot point, as a sustained break above this level could target $0.031 or higher, whereas a fall below the $0.023 support might trigger a hunt for liquidity toward the historical floor of $0.020.
Fundamentally, the market is beginning to price in the project’s strategic "Vietnam Blockchain Push" following the recent G98 joint venture with
#Tether , which aims to integrate digital asset infrastructure into Vietnam’s national digital transformation strategy for 2026. While short-term liquidity remains relatively thin—marked by an 8-month low in spot volumes for many mid-cap altcoins—the partnership is viewed as a significant long-term catalyst that could decouple
#c98 from the broader market if retail adoption in Southeast Asia scales. For now, the sentiment on Binance Square is one of cautious accumulation, with many waiting for a volume-confirmed breakout above the current descending wedge pattern to confirm a reversal of the long-term bearish cycle.
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