DUMP ALERT: $SC Crashes 7.15% from $0.00203 to $0.00188 USDT!
The market just felt another heavy hit Siacoin ($SC) witnessed a double dump, dropping 7.15% in a swift downward move from $0.00203 to $0.00188 USDT. The sharp fall has shaken short-term traders as volatility takes full control of the altcoin zone.
What Happened?
This steep decline hints at massive sell pressure or panic exits by traders trying to secure profits before a deeper correction. The coin’s consistent drop reflects a bearish sentiment, with momentum slipping under key moving averages.
Key Highlights:
2x Dump = Strong Bear Control sellers are clearly dominating the market.
Support Breakdown: $SC has broken its short-term support near $0.0019, signaling weakness ahead.
Volume Spike: Trading volume spiked during the fall, confirming heavy liquidation activity.
What to Watch Next:
If SC fails to hold above $0.00185, it could slide further to $0.00175.
A rebound attempt might appear if bulls manage to reclaim the $0.00195–$0.0020 zone.
Watch for RSI oversold levels, as a small technical bounce could follow.
Final Words:
The 2x dump in Siacoin shows how quickly the market can turn red when sentiment flips. With traders on edge and liquidity thinning, $SC’s next few hours will decide if this is a temporary dip or the start of a bigger bearish phase.
Market mood: Red storm active Bears rule while Bulls hide in defense!
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