- SC token price action pumps by 18% on the intraday session
- SC/BTC pair is trading positive by 14% at 0.00000053 BTC
- The 24-hour volume in Siacoin is at $119.43 Million
The daily technical chart of SC token projects a bullish trend. According to pivot points, Siacoin’s critical support level is $0.01198. Whereas if it moves upside, the crucial resistance to watch is $0.02524. Besides, the chart also features a bullish engulfing candle showing a bullish trend with high reliability.
The Ichimoku Cloud, consisting of Lead 1 & Lead 2 with a displacement value of 1. It works as a pivot level and a leading indicator in the asset cost change. Investors may witness the price moves below the red Moku Cloud, so until the price resides beneath the red Moku Cloud, it will assure a bearish trend in Siacoin.
The Stochastic RSI (Bearish) with the value of K-76 D-63 indicates a sell signal in the coin, and the line went up from 28 after giving a positive crossover considered to be in a bullish region. It may cool down a bit in upcoming trading sessions.
The volume of (16.93M) showcases below the Volume MA (22.90M) of 20-days. Traders are maintaining moderate buying pressure in the order book to sustain their price at upper levels. Investors may also observe declining volume in the chart, indicating a big move is expected soon.
Siacoin (SC) Token Requires High Buying Pressure
SC token price was trading at $0.1983 with 17.50% positive daily and 18.4% positive returns weekly. Technically, the price shows strength and is trying to breach the red Moku Cloud. Stochastic shows an upward slope, volume is moderate. With the support of overall market conditions, the price may hit the resistance level of $0.02524 in a future trading session, which will give returns up to 20% to the investors in the short term.