Ethereum Classic Price Prediction: Long-term (ETC) Value Forecast – June 29
- At the support of the 26-day EMA, the bulls resumed its upward move to the $9.50 price level.
- The bulls were resisted again and the price fell to the low of $7.50 price level.
ETC/USD Long-term Trend: Bullish
- Resistance levels: $9, $9.5, $10.0
- Support levels: $8.0, $7.5, $7.0
The ETC/USD pair is still trading in the bullish trend zone. The 12-day EMA and the 26-day EMA are trending upward. The ETC price was making a series of higher highs and higher lows. The bulls made such pattern and reached a high of $9.50 and were resisted. The crypto’s price fell to the support of the 26-day EMA.
At the support of the 26-day EMA, the bulls resumed its upward move to the $9.50 price level. The bulls were resisted again and the price fell to the low of $7.50 price level. The bulls are still continuing with their bullish move to reach the overhead resistance. The crypto is likely to face another resistance at the $9.5 overhead resistance.
From the Fibonacci tool, the ETC price is in the downtrend zone of 0.50 Fib. retracement level. However, Fibonacci support level is holding as the bulls make an upward move to retest the $9.50 overhead resistance levels. The stochastic is at the oversold region but above the 40% range which indicates that ETC price is in a bullish momentum and a buy signal.
Live Ethereum Classic (ETC) Price:
1 ETC/USD =$50.5005 change ~ -0.23%
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