$9.3 ETC, are you going to buy the dip?

Whale large inflows account for 53%, once surged to 9.61, RSI instantly soared to 87——then hammered back to 9.35 within 7 hours, MACD histogram turned negative directly. The fifth halving countdown is 2-5 months away, Olympia upgrade claims to be the “most significant rescue in ETC history,” but miner selling pressure, ecological desertification, and the shaky market remain.

First look at the surface: rebounded from an 8.88 double bottom, with moderate volume.

In the past 30 days, up 13%, 14 days up 12%, 7 days slight increase of 0.8%, market cap $1.47 billion, 24-hour volume $61 million. The candlestick chart shows: support at 9.20 held, the double bottom pattern has already broken through, and the short-term rebound channel is still intact.

The first thing: fifth halving + Olympia upgrade, ETC is changing its underlying logic.

ETC reduces 20% every 5 million blocks, and this is the fifth time from July to October this year. Historically, each halving has caused significant supply-demand tightening effects——in January, expectations alone pushed it to $17, now at 9.38, nearly halved.

More importantly, the Olympia upgrade (hard fork at year-end): introduces EIP-1559 mechanism, with 20% of base fees burned, 80% sent to the DAO treasury to fund development.

The second thing: whales are already accumulating.

Large inflows account for 53%, once pushing the price to 9.61——this is genuine buying. But note, RSI suddenly shot to 87 (extreme overbought), then dropped back to 57 within 7 hours, MACD histogram turned negative.

The third thing: fundamental flaws remain unresolved.

ETC ecosystem adoption rate is far below ETH/SOL, DeFi TVL can be ignored, developer activity is average. Market cap ranks around 50th, considered “old but not mainstream.”

One side says:

- Fifth halving countdown, historical pattern “halving must lead to price increase”

- Olympia upgrade introduces burn + DAO treasury, solving long-term pain points

- Double bottom breakout + support effective, technicals are recovering

- Whale large inflows, smart money is already positioning

The other side says:

- RSI shot to 87 then plummeted, overbought correction not finished

- Miner halving sell pressure “clear risk”

- Ecological desertification, besides “classic PoW,” no new stories

- Market shaky, if BTC drops ETC will fall even harder

Key level at 9.35, only 0.15 away from the double bottom neckline at 9.20.

Resistance above: 9.65-10.00 → 12-15 (mid-term target after halving + upgrade realization)

Support below: 9.20 → 8.88 (double bottom strong support) → 8.00 (break below, game over)

Short-term traders:

Wait for a pullback to 9.00-9.20 before entering, stop loss at 8.82 (exit if broken), first target 9.65-10.00, take half profits at that point.

Swing traders:

Wait for daily volume to stabilize above 10.00 before entering, target 12-15, stop loss at 9.20. The real upward wave from halving is not in the “expectation” phase but in the “landing” phase.

Long-term believers:

DCA below current price in batches, no more than 20% of total funds. If Olympia upgrade proceeds smoothly, ETC’s valuation logic will shift from “dead coin” to “deflationary PoW asset,” with 12-15 dollars as a conservative estimate.

ETC now is like LTC in 2023——

No one believed before halving, it doubled after halving. But you have to endure miner selling, community FUD, and market retracements threefold. #Gate广场五月交易分享 #CLARITY法案参议院通关 $BTC $ETH $ETC