ETCUSDT Technical Picture 🔍

On the daily chart, the price of ETC/USDT is trading around $21.60 (+4.05%).

The situation is developing at an important level — the market is consolidating before a decisive movement.

Key Levels:

Nearest Resistance: $22.20 — $22.30

Next Targets upon Breakout: $24.30 → $25.90

Supports: $20.40 → $19.30

Indicators:

RSI(6): 46.2 → neutral zone, there is potential for growth.

MACD: bearish, but signals a weakening decline — a trend reversal may be possible.

Volumes: decreasing, the market is waiting for momentum.

Scenarios:

📈 Bullish: a hold above $22.30 will open the way to $24.30 and $25.90.

📉 Bearish: upon a pullback below $20.40, a drop to $19.30 is possible.

🔄 Range: consolidation is likely in the range of $20.50 – $22.20 until large volumes appear.

⚡ Conclusion: as long as the price holds above $20.40, the chances of testing $22.30 remain high. The market will make a decision after breaking key levels.