Ethereum Classic held near a three-month low in today’s session as the token continued to extend its recent decline. The token is currently trading about 15% lower than it has over the past seven days. The near protocol also dropped, also falling to its lowest price since July.
Ethereum Classic (ETC
Ethereum Classic (ETC) continued to trade near its three-month low on Tuesday after hitting this mark earlier in the week.
Yesterday, the token hit a three-month low of $23.10, and 24 hours later the price remains near this point.
The low for the week wasETCmoved below $23.20, a key low that has been in place since mid-July ETCmoved below $23.20, a key low that has held since mid-July.
In addition to prices, the 14-day Relative Strength Index (RSI) also hit a multi-month low following the bear run.
With the market firmly in bearish territory, this is a potentially positive sign for traders looking to buy the dip, and eventually bulls may choose to re-enter the market at this point.
Near protocol (NEAR)
Near protocol (NEAR) was another notable move on Tuesday as the token also hit a 3-month low.
Following a high of $3.54 earlier in the week, NEAR/USD fell and fell to an intraday low of $3.12 earlier today.
The sell-off pushed the token to its lowest since July 13, the last time prices were trading at $3.00 support.
The chart shows that the RSI is also oversold and is at 31.15 at the time of writing.
Historically, at current levels, bulls usually begin to cycle, looking for buying opportunities.
Already showing signs of this, NEAR has moved away from its previous lows and is trading at $3.19 at the time of writing.
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