CNE Is Likely to Pull Back
Coin 98 (CNE) has declined 18.1% this week, trading at $0.2219 and significantly underperforming the broader market, with Bitcoin (BTC) down a modest 2.2% to $97,740. After an impressive 81.0% rally to $0.2200 in November and a further 135.0% surge to $0.2835 in December, Coin 98 faced a sharp correction, retreating to $0.2200 and briefly dipping to $0.1850.
The altcoin continues to exhibit heightened volatility and struggles to regain momentum, with $0.2500 acting as a key resistance level. Should it manage to recover to this threshold, a pullback to $0.2000 appears likely as the baseline scenario. Persistent overbought conditions and a lack of strong fundamental drivers are expected to limit any sustained move above $0.2500.
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