Potential in #C98/USDT with key levels
C98/USDT is showing strong bullish momentum, with the current price at $0.1239 after successfully breaking through several key resistance levels. The RSI stands at 61.75, indicating strong momentum but approaching overbought territory. The MACD displays a bullish signal with a positive histogram, although the signal lines are close, suggesting potential consolidation.
Bullish Scenario: If the price successfully breaks above the next resistance at around $0.1454, further upward movement could occur, with targets toward $0.1554. Traders should watch for a clear breakout accompanied by significant trading volume for further confirmation.
Bearish Scenario: Conversely, if the price faces rejection at this resistance area, it might retrace back to the nearest support around $0.1200 or lower to $0.1100. Traders should be cautious of any bearish divergence in momentum indicators that could trigger a deeper correction.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Cryptocurrency markets are highly volatile and may not be suitable for all investors. Always conduct your own research before making any investment decisions.
#MtGoxRepayments #6thTrade #Market_Update #BecomeCreator
