ETC, NEAR at 3-Month Lows on Tuesday – Market Updates Bitcoin News

Ethereum classic remained close to a three-month low in today’s session, as the token continued to extend recent declines. Today, the token traded nearly 15% lower over the last seven trading days. It was near protocol, which also fell to its lowest point since July.

Ethereum (ETC).

Ethereum Classic (ETC) traded at a close three-month low Tuesday. This was after the ETC mark had been reached to start the week.

Yesterday the token fell to $23.10 per month. However, it is still trading at this level 24 hours later.

After a recent move up to $24.31 today, the ETC/USD moved lower and fell to $23.73 at its lowest point.

Biggest Movers: ETC, NEAR at 3-Month Lows on Tuesday
ETC/USD – Daily Chart

This week’s low saw ETC move below a key floor of $23.20, which has been in place since mid-July.

After the bear market, not only has the price dropped but so did the 14-day relative weakness index (RSI).

This is a potential positive sign for traders who are looking to purchase the dip. We’re firmly in bearish territory and may eventually see the bulls reenter.

Near Protocol (NEAR).

NEAR protocol (NEAR) was another prominent mover Tuesday. Also, the token fell to its lowest level in three months.

After a week-opening high of $3.54, NEAR/USD fell to an intraday low today of $3.12.

The token fell to $3.00 on July 13th, the lowest price it has been since that date.

Biggest Movers: ETC, NEAR at 3-Month Lows on Tuesday
NEAR/USD – Daily Chart

The chart clearly shows that the RSI is also currently oversold. It is at 31.15 as at writing.

At current levels bulls have always circled looking for the right moment to purchase, as they do historically.

We’ve seen some signs of this already, with NEAR now moving away from earlier lows, and trading at $3.19 as of writing.

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Is it possible that near protocol will extend its bear-run this week? Please share your views with us in the comments.

Eliman Dambell

Eliman has a unique perspective on market analysis. He was previously a retail trading teacher and brokerage director. He currently acts as an analyst for various asset types, such as Crypto, Stocks and FX.

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