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, PoW sector collectively lost momentum.
First look at the surface: it's fallen into despair, nobody wants it.
Current price $8.95, down over 94% from the 2021 high of $176.
Market cap less than $1.5 billion, falling out of the top 50, 24-hour trading volume only $60 million.
K-line shows: far below the 99-period EMA, MACD at an extreme negative value, all technical indicators are shouting: don't touch, garbage.
First thing: whales are accumulating, retail investors are cursing.
In the past few days, large accounts net inflow of $386k, accounting for 53% of recent trading volume.
Someone is secretly buying at this level, and doing so aggressively.
Whales are looking at the halving + upgrade in half a year, you are looking at a 4% drop today again.
Second thing: countdown to the fifth halving, this time is different.
ETC halving occurs every two years, this July-October triggers the “Fifthening,” block rewards drop from 2.048 to 1.6384 ETC, a 20% reduction.
In the past, halving was just market noise. But this time, combined with the Olympia upgrade, introducing 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 broke below $9, MACD at an absurdly negative level, PoW sector overall abandoned by capital, looking hopeless.
On the other hand, daily and monthly charts still show an 8.52% increase, in a mild rebound channel.
$9 is a historically repeated rebound point, a strong support, whales are accumulating at this level.
One side is:
- Fifth halving countdown (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 validation for ten years, true “digital gold”
One 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 resistance)
Support below: 8.5-8.0 (psychological + historical dense trading area), 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 $9 or at current levels, no more than 10% of total funds.
Target around $15-20 before and after Olympia upgrade, stop-loss 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 three months before the halving, it ran from $40 to $200.
ETC at $9, you curse it to zero, whales are quietly adding.
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