- The 24-hour volume in ETC is at $12,276,649,785 with a 83.34% increase which exceeds the Volume / Market cap by 2:48
- The ETC/BTC pair was trading at 0.0006921 BTC with a gain of 34.46%
Source: ETC/USD on TradingView
The 4-hour technical chart of ETC price forecasts an uptrend. According to pivot points, ETC’s critical support level is placed at $20.65. Whereas if it moves up, the key resistance level to watch is $42.0. While diving into the weekly chart of a 4-hour time-frame, it completes a bullish engulfing candlestick pattern representing bulls are in control.
EMA- (8,13,21,55) acts as another strong support in the coin. EMA-8 (blue) is above EMA-13,21 (green, yellow), which projects a positive trend. The price is way above 55-EMA (red). Investors may perceive positive crossover in the EMA, and the price will also follow the positive trend.
RSI indicator (BULLISH), with a value of 70, indicates an overbought situation in the coin. Moreover, Investors can see a tiny downward slope from 80 to 70 in the index, and it may cool down in future trading sessions.
The volume of (104.38K) represents a buying volume which is above the Volume MA (55.09K) of 20-days. Buying pressure is maintained in ETC to drive its price to higher levels.
Indicators Suggest A Bull Run In ETC Price
ETC Price traded at $42.77 with a gain of 34.30% in the last 24-hour and 115.70% up in the weekly time-frame. Furthermore, ETC bounced from the support of $20.60. In contrast, the market capitalization stands at $4.87 billion. Technically, investors can perceive a positive crossover in the EMA, and the price sustains above all the EMA. RSI index showcases a downward slope. Moreover, the price movement needs to sustain above the resistance of $42.0 to achieve new targets in future trading sessions.
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