C98 Pumps +21% Today. Why Coin98 (C98) is Surging on Binance Quick Analysis

C98/USDT on Binance just surged +21.43% in 24 hours to $0.0238, hitting a high of $0.0247 with massive volume 122.87M C98 traded + $2.58M USDT.
Why the pump right now?
Real drivers in early February 2026
G98 Venture Momentum (Vietnam Expansion) Coin98's joint venture with Tether Government for compliant digital products in Vietnam (announced Jan 2026) is gaining traction. Phased launches target real-world adoption in a high crypto country huge utility boost for C98 token.
Technical Breakout Strong Price exploded from recent lows $0.0157-0.018, with bullish EMA cross (25/50/100), expanding Bollinger Bands, and huge volume spike. Classic rebound after Jan dip, riding altcoin rotation into DeFi/wallet plays.
High Volume Squeeze 122M+ C98 traded means thin liquidity amplifies moves – traders FOMO piling in (some futures setups hit +57% profits recently).
Broader Sentiment Early 2026 favoring infra utility tokens predictions see C98 to $0.03+ by year-end if adoption grows.
Quick technicals from the chart
Parabolic spike from consolidation zone, now consolidating around $0.023 after high $0.0247.
EMAs aligned bullish, price above key levels momentum upward.
RSI heating but not extreme; watch hold above $0.022 for more upside.
Short-term outlook
Bullish if holds $0.022+: Could push to $0.025-0.03 (next resistance/fib) or higher in altseason vibes.
Risks High volatility (saw -6% in 7d dips), profit-taking after +21%, or broader market pullback. C98 has strong multi-chain utility, but mid-cap risky.
What do you think More pump to $0.03, or quick retrace? Share charts/thoughts below.

Disclaimer
This analysis is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are extremely volatile and risky. The author may hold positions in mentioned assets. Always conduct thorough research and never invest more than you can afford to lose.