- Siacoin price at the monthly chart is trading on the bullish note while still placed above its all moving averages of 20, 50, 100, and 200-day lines.
- Over the medium to long-term chart, the coin has not given any significant move and seems to be trading sideways over the last few months.
- The pair of SC/BTC is trading at 0.0000003457 BTC with an intraday loss of -4.17%, and the ratio of SC/ETH is CMP at 0.000005546 ETH with an intraday change of -1.22%.
Siacoin price over the monthly time frame is trading sideways and is presently trying to move higher after it regains all DMA lines. The monthly chart’s volume is lower and falls below its average volume line, with needs to grow strongly in an upcoming trading session. At the time of writing, the crypto asset is placed above its all 20, 50, 100, and 200-DMA lines but need more volume activity. With supportive volume action, sustainability above all critical DMA lines will create another lap of bullish momentum.
In the current scenario, no fresh short is recommended until the SC manages to hold all DMA lines. Support on the lower side is $0.01725 and $0.01550, whereas resistance on the higher side is $0.02150 and $0.02385.
Siacoin price seem to get sideways after witnessing a sharp upsurge
Siacoin price seem to get sideways after witnessing a sharp upsurge from the lower levels. Presently, the coin faces a minor selloff from the higher level, and the technical parameters are slightly declining. Volume over the weekly chart is lower and needs to improve for then substantial upside. Bitcoin is trading at $0.01955 with an intraday dip of -2.45%, and the volume to market cap ratio is 0.04672.
Relative Strength Index (NEUTRAL): Siacoin price RSI is trading flat and trying to move high after declining the overbought zone. The coin is trying to move towards the higher area with no sign of significant and CMP at 50.
Bollinger Bands (NEUTRAL) – The coin is CMP under the lower zone of the Bollinger Bands and is trying to hold its lower line . The band is also coming closer, and on either side, a sharp move in the upcoming trading session is expected.
Support levels: $0.01725 and $0.01550
Resistance levels: $0.02150 and $0.02385.