Here's a technical breakdown and analysis for $ETC
/USDT Perpetual
📊 ETC/USDT Market Overview
Metric Value
Last Price $16.197 ⬇️ (-0.24%)
Mark Price $16.204
24h High / Low $16.262 / $15.816
24h Vol (ETC) 3.07M
24h Vol (USDT) $49.28M
Current Volume 66,404.63
MA (5) 108,116.61
MA (10) 117,411.20
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🔍 Technical Insight
✅ Price Action
ETC is trading within a narrow range: ~$15.82 to ~$16.26 (range-bound).
Current price is hovering slightly above the mid-point of this range.
There's no strong trend bias in the short term—consolidation pattern visible.
📉 Volume & Momentum
Intraday volume is low compared to MA(5) and MA(10) — indicating a cool-off period.
Likely accumulation or indecision — market awaiting a breakout.
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🔑 Key Levels to Watch
Type Price (USDT) Comment
Resistance 1 16.26 24h high / minor resistance
Resistance 2 16.41–16.63 Supply zone on order book
Support 1 15.82 24h low / key support
Support 2 15.76 Next visible support (chart pivot)
Psych Support 15.50 Psychological + historical demand
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📈 Trend Summary
Metric Reading
Short-Term Trend Neutral
Momentum Weak
Volume Trend Decreasing
Market Bias Sideways
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📉 Trade Scenarios
🔽 Bearish Breakdown
Entry: Break below $15.82
Target: $15.76 → $15.50
Stop-Loss: Above $16.26
⚠️ Needs confirmation via volume spike and candle close
🔼 Bullish Breakout
Entry: Break and hold above $16.26
Target: $16.41 → $16.63+
Stop-Loss: Below $15.98
✅ Watch for strong 15m or 1h candle with volume
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🧠 Conclusion
ETC is range-bound with no strong breakout yet. A move above $16.26 or below $15.82 will likely set the next short-term direction. Low volume and small price spread currently suggest waiting for confirmation before entering.
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