- SC coin price has seen a large drop in the intraday session and may see lower levels. In contrast, the asset has seen a loss of more than 27% in the past 24 hours.
- Technical levels of Siacoin suggest a strong downside momentum and can soon see a new low. Meanwhile, SC/BTC pair has seen a loss of more than 12% in the intraday session.
SC coin price has seen a huge drop in the intraday session and can soon see a new high in the future. Siacoin had observed a drop below the major support of $0.02 and is currently trading near the value of $0.016 and has seen a loss of more than 13% in the past 24 hours. The asset price is currently trading below the 50 and 100 Daily Moving Average. The 100 DMA line is near $0.01944 and it can act as temporary support of the price. If the price sees momentum and jumps over 100DMA then a strong upside trend can be seen. SC/BTC pair can also see a strong upside trend in the future. One can forecast strong growth in Siacoin in the upcoming days.
Siacoin market dominance along with the market cap has seen a significant drop due to the fall in the BTC. The volume of the SC has also seen a pump of 64% in the intraday session and has pushed the price to lower levels. The volume to market cap ratio of the SC is 0.1843 and if the ratio jumps over 0.8 then a strong upside can be seen.
SC Coin Price Bears Are Ready To See A New Run
SC coin price weekly technical chart hints towards a downside momentum in the upcoming days. On coming to the daily chart, the asset is seeing a bearish momentum and can hit a new low in the future. The upside trend of SC can see a hostility near the value of $0.03. The downside momentum of coin can see a bounceback near $0.012. If the asset price sees a drop down of 15 to 20% from the current level then a strong bearish trend can be seen.
Conclusion
SC coin price is currently in a downside momentum but can soon see a new high in the future.SC/BTC pair can also see a strong bearish trend in the future. One should do their due diligence before investing.
Technical Levels
Major Resistance:$0.03
Major Support:$0.012