C98 technical chart shows a bullish signal.

Just checked the market data, and both the 1-hour and 15-minute timeframes are showing golden cross formations, with moving averages beginning to align in a bullish order. From the technical indicators, there is indeed upward momentum in the short term. However, such signals can appear suddenly, so it's important to watch for sustainability.

Looking at on-chain data:
The current bid-ask spread ratio has reached 2.02, with buy pressure significantly exceeding sell pressure. The long positions to total positions ratio across the network is 2.14, and large investor accounts' long positions are even higher at 2.60—indicating that funds are building a position at this level. Interestingly, the funding rate is slightly negative, which may suggest dip-buying funds are positioning, but it also indicates that longs haven't fully taken control yet.

If you want to participate, consider:
- Side: Bullish
- Target profit: within 2%
- Entry range: 0.031422 - 0.031695
- Take-Profit levels: 0.032232 - 0.032706

Short-term fluctuations are usually rapid, so be sure to set stop-loss orders. Keep your position size moderate; technical signals are only a reference, and market sentiment can change even faster. For this kind of rebound, taking a small swing trade and then exiting is a good approach.