TL;DR Breakdown Coin98 price analysis predicts a bearish growth for today.We can see red engulfing candles on the 4-hour chart.C98/USDT has found a price resistance at $4.5.The price action broken down the support at $4.4 while $4.1 support holds. Coin98 price analysis is engulfed in red and bears have continued to maul the bulls. Looking at the charts and implementation of basic trading fundamentals states the fact that Coin98 is indeed in a bearish trend. The fall of Bitcoin from $52K to $51K can be cited as a reason for the downtrend that Coin98 is currently in. Although, it is to be noted that Coin98 has been one of the best gainers in the recent few weeks. Coming to the Coin98 price analysis, it is also clear that C98/USDT price is at $4.3 while Bitcoin is at $51.3K. The market has been bullish for the past 24 hours but right now, bears have set a trap. Although, it seems that this is just a cool-down phase as a result of the previous price surge. Bitcoin is currently not in a bearish trend and we can expect higher prices. Bitcoin today closed a candle above the $51K price level and once the cool-down phase is complete, higher prices are expected to follow. Currently, for Coin98, we can see that the supports at $4.4 and $4.5 have been broken while the price is retracing towards the $4.1 support. For now, this support holds but in case the price action fails, newer lows might be formed by Coin98. Coin98 price analysis...
