Siacoin was spotted marking moderate price movement till the last week. There were few spikes, but the actual surge started after April 23. The improvement from there is substantial. The coin is currently trading at $0.002198, but a few hours earlier, it was around $0.00247, and the same reshuffled the 30 days high.
Recently, the currency marked slight regression, but later, it recovered and traded above $0.0020 mark. The coin has shown huge improvement, and the same momentum would return in a while again.
Siacoin Price Analysis
Siacoin’s price was spotted at $0.00128 at the beginning of the month. Over the next day, the coin reflected a marginal plunge to $0.00120. Later, the price escalated to $0.0137 on April 03, 2020. The currency kept hovering around the same level until the next two days. Then, the coin escalated to $0.00156 on April 07, but on the next day, it faced pullback pressure that brought the price to $0.00145.
Further, Siacoin continued to trade under moderate bearish pressure just above $0.0012 till April 25. Later, the coin spotted a gradual improvement in the price, and it reached $0.00191 on April 27, but from this high, the price slipped to $0.00160 on April 28. On the next day, the coin recovered and touched $0.0203, and today, it breached 30-day high and reshuffled it at $0.0247. However, after this tremendous hike, it faced pullback pressure, and currently, it trades around $0.002198.
Siacoin holds support from SMA 50 and SMA 200 at $0.00202 and $0.00179, respectively. The same is proving strong support for the currency. The RSI trades at 51.15 after trending in the overbought region recently. As per the current movement and siacoin sc prediction, SC price might recover strongly, and it may soon cross the $0.0025 mark.
