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

Whale large inflows account for 53%, once surged to 9.61, RSI instantly soared to 87—then crushed 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 desertion, and the market teetering.
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 trading volume $61 million.
K-line tells you: support at 9.20 held, the double bottom pattern has already broken through, and the short-term rebound channel is still intact.
First thing: fifth halving + Olympia upgrade, ETC is changing its underlying logic.
ETC reduces 20% every 5 million blocks, this is the fifth time from July to October this year. Historically, each halving has caused obvious supply-demand tightening effects—expectations alone pushed it to $17 in January, now at $9.38, nearly halved.
More weighty is the Olympia upgrade (hard fork at year-end): introduces EIP-1559 mechanism, 20% of base fees burned, 80% sent to DAO treasury to fund development.
Second thing: whales are already accumulating.
Large inflows account for 53%, once pushed the price to 9.61—this is genuine buying. But note, RSI shot to 87 (extreme overbought), then dropped back to 57 within 7 hours, MACD histogram turned negative.
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 50, considered “old but not mainstream.”
One side is:
- Fifth halving countdown, historical pattern “halving always leads 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 is:
- RSI surged to 87 then plummeted, overbought correction not finished
- Miner halving selling pressure “clear risk”
- Ecological desert, apart from “classic PoW,” no new stories
- Market teetering, 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 is 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 main upward wave of halving is not in the “expectation” stage but in the “landing” phase.
Long-term believers:
DCA below current price, no more than 20% of total funds. If Olympia upgrade is successfully implemented, ETC’s valuation logic will shift from “dead coin” to “deflationary PoW asset,” with $12-15 as a conservative price.
ETC now is like LTC in 2023—
Nobody believed before halving, it doubled after halving. But you have to endure miner selling, community FUD, and market pullbacks. #Gate广场五月交易分享 #CLARITY法案参议院通关 $BTC $ETH $ETC