C98 declined roughly
↘12%
over the past week despite a
brief rally attempt, as sellers continue to outnumber buyers and trading activity fades.
Downtrend persists despite bounce attempt
C98 fell roughly
↘12%
over the past week, trailing the DeFi category average by approximately
↘9%
, while trading activity dropped around
↘21%
over the same period. The asset remains
deeply oversold with technical indicators signaling extreme weakness.
Selling pressure dominates
More sellers than buyers are active (1.29x more sellers), with investors moving coins to exchanges and realizing losses. Fear indicators show holders are underwater, with roughly 77% of all coins sitting on exchanges ready to sell.
Network activity remains minimal
Only 29 active users were recorded recently with just 3 new holders joining, reflecting weak interest in the network despite the broader DeFi market showing signs of life.