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- 1 Siacoin crypto price increased by 4.72% over the past seven days.
- 2 SCUSD is trading under bullish dominance.
The Siacoin Crypto price prediction suggests the token is experiencing a vertical rally. Crypto trading far above 20, 50, 100, and 200-day daily moving averages showcasing bullishness.
The Siacoin price prediction shows that the coin is trying to break more upper trendlines on the daily time frame chart.
Siacoin crypto needs to maintain positive momentum to reach new highs. However, sellers may approach the upper levels as a resistance to the crypto price. However, the 24-hour trading volume is 36.902.
Siacoin price prediction implies that investor sentiments regarding the Siacoin token are bullish. Investors may prefer to keep a keen watch over the crypto. Presently, the Siacoin price is above all the key EMA and MA levels.
The present value of Siacoin is $0.01250 It has a market capitalization of around $702.28 Million with a fully diluted market cap of $702.584 Million. The crypto has a circulating supply of 56.227 Million.
Siacoin has performed well so far this year. Year-over-year returns are 87.26% while returns over the past 6 months are 269.53%. The return was 85.04% last month and 15.65% last week. Technicals signal buying pressure while the technical oscillators indicate bullishness. The moving averages are also on the strong buying side. It shows bullish dominance in the market.
Technical Analysis of Siacoin Crypto Price in 1-D Timeframe
At the time of publishing, Siacoin crypto (USD: Siacoin) is trading above the 50 and 200-day daily moving averages, which shows a remarkable bullish momentum.
However, if buying volume adds up in the SC coin, then the price might touch more highs. Therefore, the Siacoin price is expected to move upwards giving bullish views over the daily time frame chart.
The current value of RSI is 73.76 points. The 14 SMA is above the median line at 74.68 points which indicates that the Siacoin crypto is bullish.
The MACD line at 0.00140 and the signal line at 0.00117 are above the zero line. A bullish crossover is observed in the MACD, which signals more bullishness for the Siacoin crypto price.
Summary
Siacoin (USD: SC) technical indicators support the bullish trend. The MACD, RSI, and EMA are emphasizing positive signals and imply that the uptrend may continue in the Siacoin crypto price. Siacoin price action suggests that the investors and traders are bullish on the daily time frame. The price action reflects a bullish outlook at the moment.
Technical Levels
Support Levels: $0.00869.
Resistance Levels: $0.01300.
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
