X

SIACOIN Price Analysis: SC have crossed both their resistance zones.

  • SC has transaction volume of 23,026,159,308.55067 for Friday and has shown the pattern of engulfing bearishness in the last 24 hours.
  • SC has storage capacity of 3.2PB with total storage providers of 495.
  • The RSI oscillator for SC shows the NEUTRAL action.

The last known price of the token, SC, is 0.016 and is up by 1.92% over the last 24 hours. It has the current trading volume(s) of 57,233,171 with a gain of 11.79% over the last 24 hours. 

SC has a hash rate of 10.05(PH/S) with the active transactions of 678 in the last 24 hours. Latest block has a formation of 324,374 whereas the data for hoders is not available.

The chart above shows the movement of SC where 200 DMA has been running below it and even DMA-50 is below it. We see the token with respect to SMA’s which are 20, 50 and 200 and it is SMA-20 which is above the other two SMA one(SMA-200) SMA and  the other(SMA-50). We see an upwards pattern where the bullish sentiments have been ruling in the market. The trend line marked shows this upwards shifting. The candles formed 2 days back have formed the high of 2 month at $0.0202.

The chart below shows the daily movement in terms of trade (It means the market operator who indulges in day trading. A day trader buys and subsequently sells financial instruments.)

Daily Trade Amount

An RSI oscillator is also present in the chart which shows the proper time to buy or sell the token. RSI for the last 5 hours shows the value of 51.447 and marks the neutral action. MA-5, MA-10 shows the sell action whereas MA-20 shows the buy action. Even MA-100 and MA-200 show the same buy action. 

The bull/bear power has the value of -0.002 and shows the sell action. The high/low marks the sell action with the value of -0.0000.

The SC-BTC pair is trailing at the level of 0.0000003976 and the gain of 0.08% was seen whereas the SC-ETH pair is trailing at the level of 0.000005789 and the gain of 0.02% was seen in the last 24 hours. The volume/market cap of the token is 0.07347 and its market dominance is 0.05%.

Conclusion: The days range for the coin is 0.015775-0.016182 and presently is up by 2.54% to 0.01606. The 24 hours high and low of the coin is 0.0163 and 0.01511 respectively.

We observed that the coin is offered support from SMA-50 and candle formation have marked the intraday high to 0.01677 and have successfully crossed the resistance levels at 1 and resistance level 2. 

It would be fine to sell the token if decent returns are attained.

Technical Instruments:

Pivot: 0.015851

R-1: 0.015909

R-2: 0.015945

S-1: 0.015793

S-2: 0.015757

Note:

  • The unit is USD
  • SMA-20: Green colour
  • SMA-50: Red colour
  • SMA-200: Blue colour
Categories: News
Antonio K Smith: Antonio is a travel photographer by profession and came across the Crypto world during his profession. Since then his love, knowledge and interest towards the technology have increased. He brings his passion to create in his articles.