Back in the day, using mining machines to mine SC was a struggle, and the electricity costs were almost not worth it. Who would have thought that the price would drop even more now—SC has fallen to around 0.0026, looking like it is about to hit rock bottom. That said, the worse it gets, the more people are itching to jump in: after all, we entered this market not for faith, but for profit.
Although the price is low, the signals are quite interesting.
SC has risen by 2.33% in the past 24 hours. Don't underestimate this small increase; the MACD has quietly turned positive, and the moving averages are starting to converge. A short-term rebound is not impossible. Additionally, the trading volume is high, indicating that the market has not completely given up on it.
Whales are running, but we are playing against the trend
There are data saying that big holders are offloading recently, which indeed requires vigilance. But looking from another angle, if whales are running and the price isn't crashing, doesn’t that also mean it can’t drop further? At this time, entering with light positions can be good, stop-loss can be set easily, aiming for an oversold rebound, the risk-reward ratio is actually nice.
Don't forget, SC still has a 'storage story' to tell
Siacoin is after all an established decentralized storage project, concepts like Web3 and DePIN haven't cooled down yet. There are always people in the community who believe in and promote it, once market sentiment warms up, these solid coins can easily be taken out for a wave of speculation.
Conclusion: You can buy, but don't take it seriously
For old miners like us, SC is like that disappointing ex—you know it has problems, but occasionally you still think 'let's give it another chance'. Put some spare money on orders around 0.0025-0.0026, if it rebounds by 3%-5%, you can consider running. Don’t get emotionally involved, just focus on the price, run when you’ve made a profit, and never get entangled.
Remember, we are not here to suffer with the project party, we are here to make money in the market. SC is in such a bad state now, it might just be the time to bend down.
