Ethereum Classic, IOTA, Dash Price Analysis: 12 October – AMBCrypto English

Ethereum Classic had many questions to answer last month after multiple 51% attacks, but the crypto-asset is still alive and that was a sign of resilience and perhaps, also of things to come. IOTA was poised to see a minor pullback before resuming the uptrend of the past few days. Dash surged strongly past its level of resistance and could make further gains over the next few days.

Ethereum Classic [ETC]

Ethereum Classic, IOTA, Dash Price Analysis: 12 October

Source: ETC/USD on TradingView

Ethereum Classic has been gently trending downwards since mid-September. While there was relatively low volatility around the crypto-asset, ETC continued to hold a level of support at $5.5 with strength.

And yet, the price had also failed to close above the most recent high at $5.78, indicating a downtrend, albeit a slow one. Further, a breakout was not on the charts yet in the near-term.

The demand for the crypto-asset may be generated when ETH moves from PoW to PoS and ASIC miners move to ETC, a development that can drive the price upwards while strengthening the