- Siacoin token at the monthly chart is trying to hold its vital moving averages of 50, 100, and 200-day lines, with average volume activity.
- The crypto asset is trying to hold the vital moving averages of 100 and 200-day lines while failing to maintain above the 20 and 50-day moving averages.
- The pair of SC/BTC is trading at 0.000000314 BTC with an intraday loss of -1.56%, and the ratio of SC/ETH is CMP at 0.000004346 ETH with a minor 24-hour change of +0.58%
Siacoin token at the monthly chart is trying to hold above its vital moving averages of 50, 100, and 200-day lines after facing selling pressure from the higher side. Volume over the monthly chart is lower and needs to improve sharply in upcoming trading sessions. Currently, the coin is trying to maintain above the vital moving averages with lower volume activity.
We can expect levels of $0.02400 and $0.02800 in forthcoming trading sessions if the coin manages to sustain above all significant support lines. Support on the lower side is $0.0161 and $0.01325, whereas resistance on the higher side is placed at $0.02390 and $.0.02750.
Siacoin token is trading bearish after a sharp bullish rally from the lower levels
Siacoin token at the weekly chart is trading bearish after a sharp bullish rally from the lower levels. Meanwhile, the technical parameter is heading lower, and volume activity is lower at the 4-hour time frame. The digital asset witnesses slight selling pressure from the higher levels and now trying to sustain flat in a neutral zone. Siacoin price is trading at $0.01900 with an intraday drop of -3.36%, and the volume to market cap ratio is 0.04508.
Relative Strength Index (BEARISH): Siacoin token RSI is heading towards the lower zone at the weekly chart. The coin trades near the oversold area, and soon we can see a bounce back, RSI at 36.
Moving Average Convergence Divergence (BEARISH): The daily chart projects a bearish trend at the 4-hour time frame. At the same time, the seller’s line (red) overpowers the buyer’s signal line (green) with no sign of significant recovery.
Support levels: $0.0161 and $0.01325
Resistance levels: $0.02390 and $.0.02750.