$SC
$SC (Siacoin) Analysis – Strong Bullish Momentum! 🚀
$SC is showing impressive strength on the 1-hour chart! We are seeing a clear upward trend with solid buying volume. Here is a breakdown of the technicals:
🔍 Technical Breakdown:
Price Action: Trading around $0.001552, up +4.30%. The price is consistently forming higher highs and is currently hugging the Upper Bollinger Band.
RSI Check: The RSI (10) is currently at 74, indicating the market is in "Overbought" territory. While the trend is strong, a short-term consolidation or a minor pullback wouldn't be surprising before the next leg up.
MACD: The MACD is showing a healthy bullish crossover above the zero line, confirming that the buyers are still in control.
Moving Averages: The price is well above the MB (Middle Band), which is acting as dynamic support.
🎯 Key Levels to Watch:
🚀 Resistance: $0.001560. A clean breakout above this could lead to a massive rally.
🛡️ Support: $0.001515 (Middle Band) and $0.001485 (Lower Support).
💡 Trading Strategy: For those looking to enter, wait for a slight retracement toward the $0.001520 level to manage risk better. Don't FOMO at the top! Always use a Stop Loss.
What’s your target for $SC? Let’s discuss in the comments! 👇
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