- SC crypto price action took to support and regains bullish momentum on the intraday session
- SC/BTC pair is trading positive by 0.51% at 0.0000006530 BTC
- The 24-hour volume in Siacoin is negative by 49.50% at $131,840,625
The 4-hour technical chart of SC crypto projects a positive trend. According to pivot points, Siacoin’s critical support level is $0.03462. Whereas if it moves upside, the crucial resistance to watch is $0.04439. Besides, the chart also features a bearish pin bar candle showing a bearish trend with low reliability.
The Exponential Moving Average (EMA), consisting of EMA 20 & 50, acts as solid support in the coin’s price. EMA 20 is moving beneath the EMA-50 line, indicating bearish momentum. Investors may perceive the price is also trying to get above EMA-20. So until the price remains below both EMA, it will ensure Siacoin’s bearish momentum.
The CCI (Bearish) with the value of -33 indicates a sell signal in the coin, and the line went down from 24 to -33 on intraday session considered to be in an oversold region. It may plunge in short-term trading sessions.
The volume of (2.26M) showcases below the Volume MA (2.82M) of 20-days. The investors in Siacoin are maintaining the order book to sustain their price at current levels. Investors may also observe declining volume in the chart, indicating a big move is expected soon.
The parabolic SAR indicator suggests a buy signal in Siacoin on intraday. No signs of a sell signal have been seen, which is an excellent sign for Siacoin’s investors.
Siacoin (SC) Crypto Is Expecting To Give 22% Returns
SC crypto price was trading at $0.03767 with 1.90% positive daily and 9.50% negative returns in the weekly period. Furthermore, technically, the price shows weakness and is trying to get above EMA-20. With the support of overall market conditions, the price may hit the resistance level of $0.04439 in a future trading session, which will give returns up to 22% to the investors in the short term.
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