Hold on a moment and analyze this chart closely.
This market movement isn't random; it indicates a clear shift in sentiment.
$ETC experienced a strong V-shaped recovery from the 12.66 level after sweeping liquidity lows. Aggressive buyer interest was evident, pushing the price impulsively towards 13.17. The current pause near 13.08 suggests price consolidation after this sharp rebound.
As long as $ETC remains above the previous demand zone, the structure supports continued upward movement. Buyers appear to be in control, despite some short-term hesitation.
If price successfully defends this support level and stays above the breakout area, further upside potential remains. A dip below this level would indicate a healthy pullback, not necessarily immediate weakness.
Market Outlook:
Bullish momentum has returned following a liquidity grab, with buyers actively defending the structure. Continuation is expected as long as price holds above critical support.
$ETC (ETCUSDT)
