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ETC is currently at spot #12 in terms of total market capitalization.
At the time of writing, ETC price is currently sitting at $13, back to where it was two days ago.
Over the past week, ETC had formed an uptrend after bottoming out at about $10 or so. It has since faced a couple of levels which it managed to break through with relative ease (compared to some of the resistances some of the bigger coins faced) that it's hard to call them resistances so far, but they did end up forming temporary support levels.
However, ETC faced its first real test at the key level of $15, after which it got rejected and retraced quite a bit, breaking down through the dynamic uptrend it had previously formed. Since the market is so bearish, let's take a look at first at the temporary support levels and the possible downside from here.
Right now ETC is sitting at the first important one, $13. If it doesn't manage to hold this level, the next ones we'd be looking at would be $11.8 and then if it breaks through that, $10.5.
On the upside, ETC has to first go above $14.5 again before any real test of $15.
On the daily chart for ETC, technical indicators give a very bearish outlook (16 sell, 10 neutral, 0 buy)
On the weekly chart for ETC, technical indicators give a slightly better but still very bearish outlook (14 sell, 9 neutral, 1 buy)
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