Short-Term Analysis for ETC/USDT (1H Chart):
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Verdict: Mildly Bullish Bias
🔍 Key Observations:
Price: Currently at $24.20, above the recent low of $23.18 and consolidating near short-term resistance.
Moving Averages:
MA(7): $24.21 – Price is just at this level.
MA(25): $23.80 – Price is above, showing short-term strength.
MA(99): $24.22 – Price is hovering just below, indicating resistance.
RSI(6): 56.53 – Neutral to slightly bullish zone.
MACD: Slight bullish crossover (DIF > DEA) – early momentum building.
Volume: Declining slightly, suggesting a pause or potential pullback.
✅ Bullish Signs:
Price holding above MA(25) and approaching MA(99).
MACD shows early bullish crossover.
RSI not overbought, still room to move higher.
⚠️ Bearish Caution:
Rejection from $24.87 high.
Slight consolidation; no strong breakout yet.
Volume tapering off could indicate weakening momentum.
📌 Conclusion:
Short-term outlook is cautiously bullish — momentum is trying to build, but resistance at $24.22–$24.87 needs to be broken with volume for a stronger bullish confirmation. Watch for either a breakout or drop below $23.80 to shift bias.
