Ethereum Classic Price Analysis: ETC/USD is Bearish Below $13

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Key HighlightsEthereum classic price declined below the $13.50 and $13.00 support levels against the US dollar.There is a key bearish trend line formed with resistance at $12.80 on the hourly chart of the ETC/USD pair (Data feed via Kraken).The pair may possibly correct higher in the near term towards the $12.80 and $13.00 resistances.Ethereum classic price declined below key supports against the US Dollar and Bitcoin. ETC/USD might recover in the short term, but it could face sellers near $13.00.Ethereum Classic Price ResistanceThere was a fresh start of a downside move from the $14.70 swing high in ETC price against the US dollar. The ETC/USD pair declined heavily and broke the $13.00 and $12.50 support levels. It traded close to the $12.00 level and formed a low at $12.19. The price settled below the $13.00 support level and the 100 hourly simple moving average. At the moment, the price is