Yello! Are you ready for an exciting move in the C98USDT market? Let's look at the detailed analysis of the #Coin98 and see what will happen ahead:
đź’ŽCurrently, C98 is compressed within a falling wedge pattern, a classic bullish reversal signal. But what makes us confident in an upcoming breakout? It's the combination of increasing trading volume and improving macro market sentiment.
đź’ŽThe 20EMA is on the verge of crossing a significant threshold and the Point of Control (POC) of VPVR is acting as a robust support, bolstering our bullish outlook.
đź’ŽHowever, there's always a plan B in trading. If C98 gets rejected at the upper trend line of the wedge, we might see a retest of the major support zone around $0.148. This level has consistently provided strong support and is rich with liquidity.
đź’ŽShould C98 fail to bounce back from the $0.148 support, our eyes will be on the next critical level at $0.131. Historically, this level has been a stronghold, and the probability of a rebound here is notably higher.
đź’ŽBut remember, if C98 breaks below these key support levels, the bears might take control, potentially leading to a bearish continuation.
As always, trade smart and stay updated with the latest market insights.
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