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- ETC prices are a major problem as it suffering a drastic fall and again it loses many support levels.
- Prices also broke down the significant price level of $ 5.25 which was holding them and providing positive divergence.
- ETC is facing heavy variations after a sharp fall, this was the second time when prices acquired such negative momentum.
- ETC/BCH pair is performing negative with a heavy loss of -4.65% bringing the levels to 0.00075833.
ETC trading mostly with variations above the level of $5.00. Prices were at the highest point possible after their crucial fall as they were making a good recovery with chances to acquire the level of $5.50 but after facing some volatility prices suffered a heavy fall. If prices manage to pass this crucial level, they will be able to acquire bullish momentum and can reacquire the level of %5.75 but instead, they fall and blow away other crucial levels.
Currently, ETC is searching for strong support of level and price level of $5.05 might be the one. If ETC prices want to cross the crucial level of $5.20 they need to maintain this current price level of $5.05 and develop at the above levels too but it will take time.
ETC’s market capitalization is $593,481,884 USD with volume traded of $1,627,113,094 USD and circulating supply of 116,313,299.
ETC Price Analysis
In the technical chart, prices are attempting to acquire the price level of $5.50 but they did suffer a crucial fall, currently, prices are again in a bad position.
The technical Indicators are not in the favor of ETC prices as they are in bearish momentum with the increase in the selling volume of the cryptocurrency.
The MACD level shows that they are in bearish terms with an increase in the selling volume of the crypto asset and selling volume suffered a major fall today and negative trade dominates the prices.
RSI is significantly moving towards the lowest level possible with negative divergence but it did acquire a negative trade and currently moving above the level of 40.
The 24hr-CCI falls to the lowest point possible again but with the help of some positive trading it reaches the normal region and again fell.
Resistance Level: $ 5.25
Support Level: $ 5.05
