$C98
(Coin98) experienced a strong price pump driven by a combination of technical breakout, volume expansion, and narrative rotation into BNB Chain DeFi tokens. On the daily chart, C98 printed a high-momentum bullish candle, rallying from the $0.0183 low to around $0.0247, delivering a +20% to +30% move in a single session. This surge was supported by a massive volume spike (over 120M C98 traded), confirming real participation rather than a low-liquidity wick. Technically, price reclaimed the MA(7) and MA(25) after a prolonged downtrend and aggressively challenged the MA(99), a key trend-defining level. Such moves often trigger short covering and breakout entries, accelerating upside momentum as traders rotate into oversold assets showing early reversal signals.
Fundamentally and sentiment-wise, C98 benefited from renewed attention on BNB Chain and DeFi infrastructure tokens, especially those with existing products and historical credibility. Coin98 is not a new token—it has an established ecosystem including wallets, cross-chain liquidity tools, and DeFi integrations—making it attractive during market phases where traders favor “revival plays” over brand-new launches. The “DeFi | BNB Chain | Launchpad | Gainer” tags on Binance further amplified visibility, drawing speculative capital seeking fast momentum trades. Additionally, after extended downside pressure, C98 entered a mean-reversion phase, where even moderate buying pressure can produce outsized price reactions. While the pump reflects improving short-term sentiment and technical strength, volatility remains high, and price may retest key support zones as the market decides whether this move evolves into a sustained trend reversal or a relief rally.
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