Can bulls hold on? According to AMBCrypto’s analy

Can bulls hold on?

According to AMBCrypto’s analysis, Ethereum Classic held strong despite market volatility as buyers flowed into the market to accumulate. 

As a result, the altcoin’s Stochastic RSI surged to 100, indicating an overbought condition. Likewise, the Relative Strength Index (RSI) surged to 86, also reaching an overbought level. 

When these momentum indicators both reach overbought levels, they confirm a higher buying pressure but also warn of increased volatility. 

Despite this, if buyers continue to accumulate, Ethereum Classic is likely to regain its upward momentum and target $29. 

However, if momentum fades due to buyer exhaustion, we will likely see a pullback to $20.80.