price prediction

Siacoin Price Prediction: Will SC breakout Lead to New Heights?

  • As per the SiaCoin price prediction, the price of the SC coin is trading at $0.00324 and the SC coin price increased by 8.36% in the last 24 hours.
  • The market capitalization of the SC coin is $167951423.
  • For the SC price, the 52-week price bound range is $0.00001262 – $0.092868.

The Siacoin price prediction highlights that the SC coin is trying to sustain itself at the current level of $0.00324 to retest the hurdles above. This month the SC coin price trend was bearish as the price was down by 0.31%. The SC coin price slightly underperformed this month. The SC coin price has seen an increment in its price by 45.29% in the last six months which highlights its good performance. Moreover, the SC coin price year-to-date return is positive with an increase of 45.29%.

Siacoin Price Technical Analysis in 1-D Time Frame

Source: SC/USD.1D.KRAKEN by TradingView

 On the day of publishing, the SC price is trying to sustain itself at the current level on the 1D chart. The SC price is trading below the 100 & 200-day EMA (exponential moving average), which is acting as a hurdle, and trading above the 20 & 50-day EMA which is acting as a support and pushing the SC price trend upwards. There is a possibility that the worth of the SC coin will increase even further in the forthcoming week if the bulls push the price up.

The MACD indicator summarizes the upward momentum of the SC price. Also, the MACD indicator is in the positive zone above the zero line. The MACD line at 0.00001 and signal line at -0.00004 suggest that the MACD is in positive territory and is giving bearish signals.

The current value of RSI is 59.14 points. The 14 SMA line is currently close to the median line at 49.30 points which indicates bullish sentiment in the market. As the price is heading toward overbought territory, the market is encountering bullish sentiment right now.


The technical parameters of the SC price suggest the continuation of the uptrend over the daily time frame chart. The SC coin price reflects an optimistic view at the moment. Major legitimate indicators MACD, RSI, and EMA, flaunt positive signals about the SC coin.

Volume Analysis

The trading volume of SC is $5,674,655 in the last 24 hours, highlighting a 45.60% increase from the last day.  Thus, indicating a recent rise in market activity.

Trendline Analysis


The price has respected its significant trendline forming a downward channel that recently gave a breakout from the trendline. The price is at the support zone. If the price breaks the resistance line, it will move upward toward the next resistance.

Extraction

Siacoin price prediction highlights that SC coin is trying to sustain itself at the current level of $0.00324 to retest the hurdles above. The sentiments and perspectives of investors and traders regarding the SC coin price are bullish in the 1D timeframe. The SC price reflects an optimistic view. The technical parameters for the SC price indicate bullish pressure. 

Technical Levels:

  • The nearest support level is $0.00253.
  • The nearest resistance level is $0.00357.

Disclaimer

In this article, the views and opinions stated by the author or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.

Deepika

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