Signal price

Siacoin Price Analysis: A Blessing in Disguise for SC Investors, Gradually Rising in an Ascending Triangle

  • Siacoin price is trading inside an ascending triangle on the daily chart.
  • The crypto asset has recovered above the 20 and 50 SMA and is now preparing for daily moving averages of 100 and 200 days.
  • The SC/BTC pair is at 0.0000001963 BTC with an intraday gain of 7.68%.

Siacoin price is rising inside an ascending triangle on the daily chart. The token is trying to gain the strong uptrend moment, but continues to gain with steady uptrend momentum on the daily chart. The SC coin needs to break out of the ascending triangle pattern to register its bullish rally. SC investors seem determined to see the token’s crucial recovery phase on the daily chart.

Siacoin price is currently CMP at $0.0056 and has gained 7.13% of its market capitalization in the last 24 hours. In contrast, trading volume decreased by 45.93% during the intraday trading session. SC needs to attract more buyers in order to escape the short-selling pressure on the token. The volume to market capitalization ratio is 0.08563.

Siacoin price is trading inside an ascending triangle on the daily chart. The token is trying to gain steady uptrend momentum on the daily chart. The volume change can be seen below the average and needs to grow for SC to win with a strong uptrend on the daily chart. The token is attempting a bullish rally on the chart but could not gain the strong uptrend momentum as a strong buy is needed. However, the SC token is under short selling pressure and the bears are trying to interrupt the token’s steady uptrend.

What do technical indicators suggest about Siacoin?

Siacoin price is moving inside an ascending triangle on the daily chart. The token is trading with consistent uptrend momentum while consolidating inside the ascending triangle pattern. Technical indicators confirm the bullish momentum of the SC coin inside an ascending triangle. The Supertrend indicator confirms the bullish momentum of the SC coin inside the pattern.

The Relative Strength Index shows that Siacoin is trying to accelerate its uptrend as it trades between overbought and neutral. The token did not signal anything major as it traded between neutral and overbought territory. SC investors should wait for any direction change on the daily chart.

The MACD is showing uptrend momentum on the daily chart. The MACD line is ahead of the signal line after a positive crossover.

Conclusion

Siacoin price is rising inside an ascending triangle on the daily chart. The token is trying to gain the strong uptrend moment, but continues to gain with steady uptrend momentum on the daily chart. Technical indicators confirm the bullish momentum of the SC coin inside an ascending triangle. SC investors should wait for any direction change on the daily chart. While the token struggles to adapt to the constant momentum of the uptrend.

Technical levels
Support levels: $0.0052 and $0.0050

Resistance levels: $0.0060 and $0.0070

Disclaimer

The views and opinions expressed by the author, or anyone named in this article, are for informational purposes only, and they do not constitute financial, investment or other advice. Investing in or trading crypto assets involves the risk of financial loss.