$8.11 for ETC, dare you buy the dip? The price has fallen from $8.40 to $8.11, a drop of 2.9%, with the RSI reaching 21.08, indicating extreme oversold conditions. The "Three Black Crows" pattern, the lack of upper and lower shadows, and the perfect bearish alignment of moving averages—all technical indicators are telling you: this thing will fall further. But the developers are still submitting code; the "code is law" banner is still flying. Retail investors are completely outraged: shouldn't this old relic be buried? Let's look at the surface: it's fallen to numbness, nobody wants it anymore. In the past 24 hours, ETC has fallen from $8.40 to $8.11, a drop of 2.9%. The MACD bearish histogram is expanding, and the EMA7 and EMA25 are hanging high above the price, telling you there's no hope in the short term. Market intelligence shows abnormal fund flows and shrinking trading volume; everyone is running. The first thing: the RSI has reached 21.08. What does this mean? 21.08, this is a bottomless pit. When was the last time this bad? Technical indicators tell you: selling pressure has reached its limit; any further selling will leave only scraps. Secondly: the candlestick charts are conflicting. The Three Black Crows pattern suggests further declines, but the MACD and KDJ have just formed a golden cross. What does this mean? It means—a short-term rebound is possible. OBV shows funds are quietly flowing in; although activity is low, someone is accumulating. Thirdly: the developers haven't fled. The ETC community is still chanting "code is law," still clinging to the POW belief. These people aren't fools; they know that after Ethereum transitioned to POS, ETC is the only established public chain still upholding the POW banner. On one hand, the RSI is oversold at 21.08, the MACD shows a golden cross signal, and funds are quietly flowing in. On the other hand, the moving averages are in a bearish alignment, trading volume is shrinking, and the community is left with only faith. The key level is 8.09; this is the last line of defense for both bulls and bears. If you are a short-term trader: Consider a small position around 8.09 for a rebound, targeting 8.52. Stop loss if it falls below 8.09, with the next target at 8.03. Don't be greedy, don't hold, and exit immediately if it breaks down. If you are a long-term trader: Wait for the 7.50 area to gradually build your position. Your belief in Proof-of-Work (PoW) won't vanish overnight.