- Siacoin price over the monthly chart respected the trend line and now ready for another bullish rally
- The pair of SC/BTC is placed above the all major moving averages of 20,50,100 and 200-Day Moving Averages, standing at 0.0000006892 BTC with an intraday gain of +1.02%
Siacoin price over the monthly chart is looking ready for significant movement, as it respected the rising support line or trend line and bounced sharply. However, the volume over the graph is not supporting the price action, which is grounded below the average line. SC is presently trading above all major moving averages of 20,50,100 and 200-Day, where 20-DMA is acting as a support line for a shorter time frame. Similarly, the lower side’s support is established at $0.0300 and $0.0250, respectively; likewise, the higher side’s resistance is located at $0.0435 and $0.0500.
Siacoin, on the 4 hours time frame, has also built a bullish chart pattern, and the slow price recovery is observed with the rising support line. Whereas, for intraday, the support on lower levels is placed at $0.0320 and $0.0302. Likewise, the higher side’s resistance is $0.04180 and $0.04450. Currently, SC is trading at the price level of $0.03902 with an intraday gain of +6.64%. Volume in the last 24-hours fall nearly +4.76% standing at $176,418,829, similarly the total market capitalization stands at $1,863,144,450 with an increment of +6.85%.
Relative Strength Index (BULLISH) indicates bullish momentum while trading at 54.62. However, it is heading slowly towards the overbought zone after testing the oversold zone.
Moving Average Convergence Divergence (BULLISH) currently indicates a bullish trend on the daily chart, as it is trading with the significance of the buyer’s signal line (green) over the seller’s line (red). However, a positive crossover is awaited.
Support levels: $0.0300 and $0.0250
Resistance levels: $0.0435 and $0.0500