Siacoin ($SC ) at a Crossroads – Breakout or Breakdown Ahead?

Current Price:$0.003165 (+4.04%)

24H Range: $0.003021 – $0.003400

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Siacoin ($SC) is testing a critical technical zone following a recent bounce from local support. After dipping to $0.00310, buyers returned with notable volume, pushing the price back toward resistance. But the question remains—can $SC build on this bounce, or is another leg down incoming?

- Resistance Zones: $0.00322 and $0.00330

- Support Zones:$0.00310 and $0.00300

The market is at a decision point, and traders should keep a close eye on how price action behaves around the $0.00320 area.

Market Analysis

Long Trade Setup – Watch for Breakout Confirmation

If bulls maintain control and price breaks above $0.00320 with strong volume, a potential upside continuation could unfold.

- **Entry Zone:** $0.00314 – $0.00317 (on confirmed reclaim)

- **Target 1:** $0.00324

- **Target 2:** $0.00336

- **Stop Loss:** $0.00305

**Note:** Look for bullish candle closes above $0.00322 to confirm momentum.

Short Trade Setup – Bearish Rejection Scenario

If price fails to close above resistance and faces rejection near $0.00322, a downward move back toward support could be likely.

- **Entry Zone:** $0.00321 – $0.00323 (after failed breakout)

- **Target 1:** $0.00312

- **Target 2:** $0.00304

- **Stop Loss:** $0.00329

**Note:** Watch for signs of weakness or wicks rejecting higher levels to trigger shorts.

Buy and trade here $SC

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