C98's modest
↗4.37%
weekly gain is testing investor patience as selling pressure remains elevated at a 4:1 ratio over the past 24 hours.
Mixed signals across timeframes
Trading volume rose approximately
↗5.03%
over the past week even as the price declined roughly
↘14.33%
over the past month, with
ongoing tokenomics challenges adding complexity to the outlook.
Selling pressure remains elevated
More people are selling than buying at a 4:1 ratio over the past 24 hours, and the asset has low market depth at approximately 0.41% of its total value, meaning larger trades can move the price significantly.
Network activity remains quiet
Only 23 active wallet addresses were recorded recently with roughly 77% of all coins sitting on trading platforms, though small net movements off exchanges over the past day suggest some accumulation by long-term holders.
Trading interest shows modest expansion
Interest in futures contracts expanded roughly
↗3.34%
with rates at approximately 0.000098 (around 11.38% annualized), indicating steady positioning despite the broader selling pressure.