ETC at $8.95, do you dare to buy the dip?

Whales account for 53% of trading volume, quietly accumulating, with a peak of $386k net inflow, countdown to the fifth halving, Olympia upgrade will soon introduce a burn mechanism— but just now, the price broke below $9, down another 4% in 24 hours, and the PoW sector has collectively gone cold.

First look at the surface: it's fallen into a daze, nobody wants it.

Current price is $8.95, down more than 94% from the 2021 high of $176. Market cap is less than $1.5 billion, ranking out of the top 50, with only $60 million in 24-hour trading volume. The candlestick chart tells you: far below the 99-period EMA, MACD at an extreme negative value, all technical indicators are shouting: don't touch, trash.

First thing: whales are accumulating, retail investors are cursing.

In the past few days, large accounts have net inflows of $386k, accounting for 53% of recent trading volume. Someone is secretly buying at this level, and doing so aggressively.

Whales are looking at halving + upgrade in half a year, while you see it dropping another 4% today.

Second thing: countdown to the fifth halving, this time is different.

ETC halves every two years. This year, from July to October, the "Fifthening" triggered, reducing block rewards from 2.048 to 1.6384 ETC, a 20% cut.

In the past, halving was just noise in the market. But this time, combined with the Olympia upgrade, which introduces a decentralized treasury + fee burning mechanism, directly comparable to ETH's EIP-1559.

Third thing: a huge contradictory signal appears on the technical front.

On one hand, the price fell below $9, MACD is extremely negative, and the PoW sector is generally abandoned by funds, looking hopeless.

On the other hand, daily and monthly charts still show an 8.52% increase, in a mild rebound channel. $9 has been a multiple bounce point historically, a strong support level, whales are accumulating at this position.

One side is:

- Countdown to the fifth halving (each halving historically triggers a pulse rebound)

- Olympia upgrade brings burn mechanism + treasury, solving the ecological cash problem

- Whales account for 53% of volume, secretly accumulating

- Fixed supply + PoW security verified for ten years, true "digital gold"

The other side is:

- TVL is almost zero, developers have fled

- Price down 94%, retail faith is dead

- Market attention is on ETH L2 and RWA, nobody mentions ETC

- Macro tightening, high-beta small coins are most vulnerable

Key level: $9.00, the last face-off between bulls and bears.

Resistance above: $10.5-12 (short-term breakout zone) → $26.5 (mid-term pressure)

Support below: $8.5-8.0 (psychological + historical trading dense zone), breaking below $8 is game over.

Short-term traders:

Wait for $9 to confirm support + volume-increasing bullish candle before entering, stop-loss at $8.0, first target $10.5, second target $12-15.

Swing traders:

Buy in batches below or at $9, with no more than 10% of total funds. Target $15-20 before and after Olympia upgrade, stop-loss set at $7.8.

Long-term believers:

Only one type of person should hold ETC—you truly believe in PoW fundamentalism, willing to hold for two years betting on Olympia igniting the ecosystem. Target $30-50 by 2027, but it may be halved twice in between, can you withstand that?

ETC now is like LTC in 2020—

Everyone thought it was dead, but before the halving, it surged from $40 to $200 in three months.

At $9 ETC, you curse it to zero, while whales quietly add positions.

80 days until halving countdown, who will pat their thighs then? #Gate广场五月交易分享 #CLARITY法案参议院通关 $DOGE $ETC $BTC