$ETC at $8.20, do you dare to buy the dip?

Developers are still burning the midnight oil coding, the entire network hash rate just hit a new all-time high, Spiral upgrade has been implemented, and Olympia upgrade is on the way— but what about the price? It dropped straight from $8.71 to $8.20, a 5.8% decline in one day.

Forbes calls it a "zombie cryptocurrency," bagholders say it’s time to bury it, even the RSI has been pushed down to 28.25, falling into the oversold zone’s pit.

This old relic abandoned by the world— is it taking its last breath or its final golden opportunity?

First, look at the surface: it’s fallen so hard that even its mother wouldn’t recognize it.

In the past 24 hours, ETC dropped 5.8%, the MACD histogram remains in negative territory and deepening, and the 6-hour RSI plummeted from 58.41 directly down to 28.25. Buying pressure? Nonexistent. Selling pressure? Crushing it.

The technical analysis tells you one thing: it’s likely to fall further in the short term.

First point: developers haven’t left, they’re still working overtime.

The Spiral hard fork has been successfully activated, and ETC now achieves full EVM compatibility. That means dApps on Ethereum can be copied and pasted to run on ETC.

Moreover, the Olympia upgrade is in the final testing phase—EIP-1559 fee burning, DAO governance, and immutable treasury—this is the biggest protocol upgrade in ETC history.

Second point: the entire network hash rate has hit a new all-time high.

A large number of miners are migrating from other PoW chains to ETC.

Miners are the most pragmatic group; they pay electricity bills and need to recoup their GPU investments. They’re flooding into ETC not out of sentimentality, but because mining here is genuinely profitable.

Third point: wealthy holders own 36% of the supply, second only to BTC and ETH.

This isn’t retail investors buying; it’s big whales quietly accumulating.

On one side, the price is crashing, RSI is collapsing, Forbes is calling it a “zombie.”

On the other side, developers are upgrading, hash rate is hitting new highs, and whales are secretly buying.

The critical level is $8.00— the last bottom line for bulls and bears.

If you’re a short-term trader: try small positions within the $8.00-$8.20 range, cut losses decisively if it falls below $7.70, next support at $7.00.

- If you’re a long-term investor: dollar-cost average below $8, with Olympia upgrade landing and the fifth halving (expected in the second half of the year), targeting $12-$18. Bitcoin surpassing $70k makes ETC’s rebound highly probable.

ETC now looks like a battered veteran in the boxing ring, bloodied and battered, everyone thinks he’s about to fall with the next punch, but he’s still charging forward.

Do you think he will fall, or will he KO his opponent with one punch? #Gate广场四月发帖挑战 $ETC