ETC showcases potential for a bounceback from its $14.75 support to challenge the secondary resistance trendline.
A successful breakout might propel ETC to target the resistance at $19.
Dropping below the $14.75 support will likely drag ETC down to $12.44.
ETC has experienced a significant decline, losing around 25% of its value recently.
This decline is in sync with the broader Ethereum downtrend.
A strong resistance trendline has emerged due to this primary downtrend.
The $14.75 level has been a solid support, aiding in multiple rebound attempts.
ETC is potentially forming a double-bottom reversal pattern.
Currently, ETC is trading at $15.53, a slight intraday dip of 0.26%.
An uptick in Bitcoin's performance has injected some optimism into ETC's outlook.
Technical indicators, including the RSI and MACD, reveal bullish divergences.
Breaking past the secondary resistance can result in a 22% upward move.
A drop below $14.75 can lead to a 13% downward adjustment.
A successful breakout might propel ETC to target the resistance at $19.
Dropping below the $14.75 support will likely drag ETC down to $12.44.
ETC has experienced a significant decline, losing around 25% of its value recently.
This decline is in sync with the broader Ethereum downtrend.
A strong resistance trendline has emerged due to this primary downtrend.
The $14.75 level has been a solid support, aiding in multiple rebound attempts.
ETC is potentially forming a double-bottom reversal pattern.
Currently, ETC is trading at $15.53, a slight intraday dip of 0.26%.
An uptick in Bitcoin's performance has injected some optimism into ETC's outlook.
Technical indicators, including the RSI and MACD, reveal bullish divergences.
Breaking past the secondary resistance can result in a 22% upward move.
A drop below $14.75 can lead to a 13% downward adjustment.