Be aware about $ETC !
The Sentiment: Strong Sell / High Caution 🚩
Current technical indicators are flashing a "Strong Sell" signal. With $ETC trading around $9.60 and down over 26% in the last 30 days, the momentum is firmly in the hands of the bears. The 200-day moving average is sloping downward, confirming a weak trend that struggles to find a solid floor. While the RSI near 25 indicates the asset is "oversold"—which usually suggests a bounce—the lack of buying volume makes a recovery risky.
The "Hold" Case: Long-Term Believers 💎
If you are already holding, selling at these multi-month lows might be painful. Some investors are choosing to "Hold" in anticipation of the Olympia Upgrade late this year, which could introduce better governance and treasury systems. Additionally, $ETC remains a top choice for GPU miners, providing a fundamental "floor" of activity that prevents the network from becoming obsolete, even if the price is currently suppressed.
The "Buy" Strategy: Catching the Falling Knife? 📉
Buying right now is considered high-risk. Most analysts suggest waiting for a "Bottom Signal"—specifically watching if ETC can hold the $9.20 support level. A "Buy" entry becomes much safer if the price can reclaim and close above the $11.50 resistance. Until then, the market sentiment remains dominated by "Extreme Fear" (Index: 17), and many traders are looking for more stable Layer-1 alternatives until the trend reverses.