Ethereum Classic: Can ETC’s high social interest translate to a market rally?

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ETC is testing a key symmetrical triangle support level. Rising whale activity and social dominance could drive a potential price reversal.

A key symmetrical triangle support level could push ETC into bullish territory.The altcoin has dipped by 8% in the last 48 hours, leading it to test a critical support level within a symmetrical triangle pattern.

As the crypto market is heavily influenced by sentiment, the rise in ETC social dominance could hint at building momentum.Source: SantimentAdding to the increasing social activity, the altcoin whale activity is also on the rise. With the price testing a key support level at around $18, the next move could determine whether Ethereum Classic will bounce higher or continue its downward trajectory.

 

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