Sia is a blockchain-based cloud storage network. It is a decentralized data storage platform that requires no signups, servers, intermediaries, or third-party interfaces. It is a highly redundant, cost-effective, and tamper-proof ecosystem. SC is the native token of this ecosystem. Let us look at the technical analysis for the same. Past Performance On Jun 18, 2021, SC opened at $0.01. On Jun 24, 2021, SC closed at $0.01. Thus, in the past week, there has been no change in the SC price. In the last 24 hours, SC has traded between $0.0099 – $0.012. https://ift.tt/3dd1tzj Day-Ahead and Tomorrow Currently, SC is trading at $0.0118. The price has increased slightly from the day’s opening price of $0.01. Thus, the market seems to be uptick. The MACD and signal lines have just turned positive. Moreover, a bullish crossover by the MACD line over the signal line has occurred. Thus, the overall market momentum has turned bullish. Hence, we can expect the price to rise further. Currently, the RSI indicator is at 40%. It faced rejection at 38% and rose to the current level. Hence, buying pressures are slowly building. High buying activity will exert upward pressure on the SC price. Besides, the OBV indicator is upward sloping. Thus, buying volumes are higher than selling volumes. High buying activity will push the price further up. In a nutshell, all three oscillators have given bullish signals. SC Technical Analysis Currently, the price is above the second Fibonacci pivot resistance level of $0.0112. It may soon surpass the third resistance level of $0.0117. The price has tested and broken out of the 23.6% FIB extension level of $0.0115. It may soon break out of the 38.2% FIB extension level of $0.0117 as well. Thus, as of now, the bulls are strong. Hence, we can expect the price upswing to continue tomorrow as well.
The post SC Technical Analysis: Price Is Above the Second Fibonacci Pivot Resistance Level of $0.0112 appeared first on Cryptoknowmics-Crypto News and Media Platform.
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