or a bullish breakout. Fast forward to the present and at press time, ETC showed signs of price slippage.ETC has been trading alongside the resistance line for the last few days and recent observations point toward a potential bearish outcome. One of those observations was market cap outflows. ETC’s market cap fell by roughly $82 million in the last 24 hours at the time of writing.
The social dominance metric also witnessed a significant downfall in the last 24 hours. This indicated that investor attention was shifting elsewhere.The Binance funding rate also tanked substantially especially in the last two days. This confirmed that the demand in the derivatives market also subsided.The market cap drop and other metrics pointed towards a bearish bias.
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