Coin 98 Is Struggling to Hold Near Key Support
Coin 98 (CNE) is rising by 0.61% to $0.0489 this week, underperforming the broader crypto market, where Bitcoin (BTC) is gaining 1.2% to $106,060. CNE dropped by 15% to $0.0455 following the Israeli strike on Iran, marking its lowest point since April 7. The $0.0500 level now serves as a critical support zone that the token must hold. If it fails to do so, the price could deteriorate rapidly with limited chances of a near-term recovery.
CNE now finds itself at a pivotal juncture, needing to maintain current levels while awaiting a renewed Bitcoin rally, which appears increasingly likely. A sustained market upswing could enable CNE to rebound toward the $0.1000 resistance. However, any further progress hinges on breaking through a firm trend resistance, a move that, at this stage, seems rather unlikely without strong internal catalysts and the support of a broader market.
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