$SC /USDT – Storage Token Surges +9% with Strong Volume
Siacoin (SC) has rallied to $0.003506 (+9.05%), boosted by a spike in demand and volume (3.18B SC, $11.13M USDT). Price touched a 24h high of $0.003737, breaking above all key moving averages:
MA(7): $0.003328
MA(25): $0.003343
MA(99): $0.003292
This breakout puts SC in bullish short-term territory as momentum shifts strongly in favor of the bulls.
Technical Setup:
Price action is supported by a bullish crossover of short-term MAs
Volume surge confirms strength behind the move
RSI likely nearing overbought territory, suggesting possible short-term pullback or consolidation
Key Levels:
Support: $0.00339 → $0.00332 → $0.00314
Resistance: $0.00374 → $0.00384 → $0.00400
Outlook:
Momentum remains with bulls as long as SC holds above $0.00332. A daily close above $0.00374 could open the door to $0.004+. However, caution is warranted if SC retraces below $0.00332, which would weaken the current structure.