Coin 98 Is Increasing Upside Momentum
Coin 98 (CNE) is experiencing a 3.0% decline, bringing its price down to $0.1335 on Monday. The drop was even more significant earlier in the day when prices reached $0.1301. This pullback could be viewed as a moderate correction following CNE's 7.2% surge last Friday, which was driven by a broader rally in the cryptocurrency market.
The recent rally was spurred by Federal Reserve Chair Jerome Powell's announcement at the Jackson Hole symposium, where he signaled the beginning of an interest rate cut cycle. This dovish monetary policy is particularly important for the crypto market, as lower interest rates typically encourage higher-risk investments. Investors are currently pausing to assess the changing market conditions. Once the market digests these developments, CNE prices could resume their upward trajectory, potentially reaching $0.1500.
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