- Siacoin (SC) price creating the bullish chart structure while trading inside the rising channel pattern
- The pair of SC/BTC is placed above the all major moving averages of 20,50,100 and 200-Day Moving Averages, standing at 0.0000005126 BTC +20.64% with an intraday loss of -20.51%
Siacoin is on an uptrend with increasing volume over the monthly chart. The volume over the graph is rising with the price, which indicates the participation of buyers and sellers pushing it upwards. Presently the coin is trading above all the major moving averages of 20,50,100 and 200-Day, where 50-DMA is acting as a support line. The lower side’s support is placed at $0.01860 and $0.00966; likewise, the higher side’s resistance is $0.03890 and $0.04200.
Siacoin, on the 4 hours, is trading on the bearish note. The coin retraces from the higher levels as the indicators show signs of weakness over the chart. For intraday, the support on lower levels is placed at $0.02820 and $0.02650. Likewise, the higher side’s resistance is $0.03500 and $0.03950. Currently, the coin is trading at the price level of $0.03000 with an intraday loss of -20.64%. Volume in the last 24-hours dropped nearly -52.56%, standing at $407,412,621.Similarly, the total market capitalization stands at $1,422,858,324 with an intraday loss of -20.50%.
Relative Strength Index (BEARISH) indicates bearish momentum while trading at 49.62. However, it is heading towards the oversold zone after testing the overbought zone showing weakness over the chart.
Moving Average Convergence Divergence (BEARISH) currently indicates a bearish trend on the daily chart, as it is trading with the significance of the seller’s line (red) over the buyer’s signal line (green) with no sign of strength.
Support levels: $0.01860 and $0.00966
Resistance levels: $0.03890 and $0.04200