Siacoin

<p>The post <a href="https://coinpedia.org/price-analysis/siacoin-price-jumps-25-can-sc-price-surge-continue/" rel="noopener noreferrer nofollow">Siacoin Price Jumps 25%! Can SC Price Surge Continue?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>The cryptocurrency market continues to display a volatile price action with major tokens recording constant fluctuations in the chart. The top tokens continue to surge amid an increase in the investor’s inflow in the crypto space.</p>
<p>The Siacoin has displayed a positive price action for the first time after displaying a neutral trend for a brief period. The SC price has added approximately 40% within the past 30 days and 74% Year-to-Date (YTD), indicating an increase in the bullish influence.</p>
<h2 class="wp-block-heading" id="h-sc-price-regains-momentum">SC Price Regains Momentum!</h2>
<p>The Siacoin price traded between $0.00908 and $0.0103 for a period, after which the bulls gained momentum and recorded a jump of 51.10% in valuation. Following this, the SC token displayed a neutral trend for the next three days in the chart.</p>
<p>As the market volatility grew, the bulls regained momentum and recorded a jump of 75% in valuation. After facing rejection at $0.0224, the price started trading under a bearish influence and lost approximately 60% in valuation.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/p1Vx47yDdejnk6WISazsLBqpWLMLcUEt6aXZdqVSGSzlOY7KEW8bn0S0vQwHDS-EUNGW57EihESzOLT7Nh-1cGXldSbIGcr9nQDyYvSA-sJBenB7cjbCj5ZDtW3E-vVHSlwrv7yRKX6dEfdVuOsUN0k" alt="Siacoin Price Analysis">
 <figcaption class="wp-element-caption">
  TradingView: SC/USDT
 </figcaption>
</figure>
<p>Following this, the SC price traded in a closed range between $0.00908 and $0.0103 for a brief period, during which it retested its low of $0.00771. Recently, the bulls jumped 36.5% before facing rejection at $0.0124. Since then, the Siacoin price has been hovering close to its resistance level.</p>
<p>The MACD displays a constant green histogram, indicating a strong bullish influence in the crypto industry. Further, the average shows a constant rise, suggesting the price will continue gaining value in the coming time.</p>
<h2 class="wp-block-heading" id="h-will-siacoin-go-up">Will Siacoin Go Up?</h2>
<p>If the market pushes the price above the resistance level of $0.0124, the bulls will regain momentum and prepare to test its upper resistance level of $0.0155. Moreover, if the bulls continue to gain power, it will prepare to test its upper resistance level of $0.0184 by the coming weekend.</p>
<p>Conversely, if the bears gain momentum, the bulls will lose momentum and fall to test its support level of $0.0103. Further, if the bears continue to overpower the bulls, it will continue to bleed and prepare to test its lower support level of $0.00908.</p>

Siacoin Price Jumps 25%! Can SC Price Surge Continue?

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