• ETC Coin forecast downtrend from $13.90 to $11.30 on Thursday’s trading session
• The 24-hour volume in ETC is at $957,035,508 with a 9.32% decrease
• The ETC/BTC pair was trading at 0.0002144 BTC with a loss of 2.76%

The 4-hour technical chart of ETC Coin price action forecasts a downtrend. According to pivot points, ETC’s critical support level is placed at $10.24. Whereas if it moves up, the key resistance level to watch is $13.90. While diving into the weekly chart of a 4-hour time-frame, it completes a bearish engulfing candlestick pattern which represents bears are in control.

SMA-20, 50 & 100 acts as another strong support in the coin. SMA-20 (purple) intersects below the SMA-50 (white), which projects a bearish trend. The price is also way below SMA-100 (yellow). Investors may perceive a negative crossover in the SMA, and the price will also follow the negative trend.

RSI indicator (BEARISH), with a value of 34.50, indicates a sell signal in the coin. Moreover, Investors can see a flat slope in the index, and it may plunge in future trading sessions.

ETC Coin Price Action Seems Bears Are In Control

ETC coin price traded at $11.30 with a loss of 9.90% in the last 24-hour and 8.68% down in the weekly time-frame. Furthermore, ETC plunges from the resistance of $13.90. In contrast, the market capitalization stands at $1.32 billion. Technically, investors can perceive a negative crossover in SMA. Moreover, the price movement can be towards the support of $10.24.

Resistance: $13.90

Support: $10.24

Nikhil Ingole

Mr, Nikhil Ingole is a Chief Editor at The Coin Republic with over five years of technical analysis & trading experience in Forex and Crypto. As a commerce graduate, he has taken a keen interest in blockchain’s future potentials in the financial industry. A keen cryptocurrency enthusiast, he is very supportive of new media projects, pioneer ideas and the Bitcoin community. He possesses strong technical, analytical skills and is well known for his financial market’s informative analysis. Other than crypto, Nikhil Loves to watch his favorite football team and keep up to date with the latest Formula 1 racing.