Coin98 (C98) Token Kicks Off With Sudden Surge, Know What’s The Factor?

Coin98 (C98) Token Kicks Off With Sudden Surge, Know What’s The Factor?

Coin98 (C98) Token Kicks Off With Sudden Surge, Know What's The Factor?

/ Coin98 (C98) token surges +13.38% in 24 hours – Find out the key factor behind this DeFi sensation’s remarkable comeback.

By Nilesh Hembade.

Date: 29 Oct 2023, 19:05 PM IST

Coin98, a pioneering decentralized finance (DeFi) solution, has once again captured the attention of the crypto community. This innovative platform provides users with access to cross-chain swaps, staking, and yield farming, offering a comprehensive suite of DeFi services that cater to the diverse needs of crypto investors.

The latest buzz surrounding Coin98 stems from an impressive surge in the cryptocurrency market. Over the course of the past 24 hours, the Coin98 token has seen a remarkable rise, registering an +13.38% increase. As of the most recent data available, the Coin98 token is currently trading at $0.1888, boasting a market capitalization of $117 million. It’s worth noting that the trading volume has also experienced a substantial boost, surging by an impressive +84.35% in a single day.

Factor behind the Coin98 (C98) token surge:

So, what has caused this sudden surge in the Coin98 (C98) token’s value? The answer lies in the technical analysis of the coin’s price movement. Coin98 (C98) has broken free from the confines of a falling wedge pattern, a significant breakthrough that marks a shift in its trajectory. This bullish move came to fruition on October 24 when the resistance level was successfully breached at the price point of $0.1490.

C98-CHART-COINSPROBE
Source: TradingView

The breakout from this pattern triggered a positive chain reaction, as the C98 token not only managed to conquer this crucial resistance but also completed a successful retesting phase. This paved the way for an impressive surge in the token’s value, propelling it to reach a high of $0.1894 today.

The cryptocurrency market is known for its volatility, and Coin98 (C98) has demonstrated its ability to adapt and thrive within this dynamic environment

Disclaimer:

Consult your financial advisor before making any decisions because Investing in digital assets is extremely risky. Digital asset prices are subject to high market risk and price volatility. No information on this website is intended to be a solicitation or an offer.

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