$ETC Will hitt 35$ tonight:
The possibility of ETC/USDT hitting $35 depends on several factors, including market sentiment, volume, and broader crypto market trends. Based on the chart provided, here are some considerations:
Key Factors for a $35 Target:
1. Resistance Levels to Overcome:
Current resistance is at $30.42 (recent high).
Significant psychological resistance around $32 and $35. Breaking these levels will require strong buying momentum and high trading volume.
2. Momentum Indicators:
The Stochastic RSI is oversold, indicating a potential rebound. For $35 to be achievable, we need confirmation of upward momentum (e.g., RSI rising above 50).
Look for higher highs and higher lows forming on smaller timeframes.
3. Volume Confirmation:
A significant increase in trading volume will be critical. Without strong buying interest, $35 may not be feasible.
4. Broader Market Conditions:
ETC typically follows the overall crypto market trend. If Bitcoin (BTC) and other major assets rally, ETC could also gain momentum.
5. Support Levels:
For ETC to aim for $35, it must hold above the $27-$28 range and break through $30.42 convincingly.
Probability:
Bullish Case: If the broader crypto market is bullish, ETC could potentially reach $35, but this may take some time, as it needs to break significant resistance levels.
Bearish Case: If the market loses momentum, ETC could consolidate or retest lower support levels (e.g., $24).