Sia is a blockchain-based cloud storage network. It is a decentralized data storage platform that requires no signups, servers, intermediaries, or third-party interfaces. It is a highly redundant, cost-effective, and tamper-proof ecosystem. SC is the <a href="https://www.cryptoknowmics.com/news/sc-technical-analysis-price-may-soon-break-out-of-the-first-support-level-of-00163/">native token of this ecosystem</a>. Let us look at the technical analysis for the same.
<h2><b>Past Performance</b></h2>
On Jun 18, 2021, SC opened at $0.01. On Jun 24, 2021, SC closed at $0.01. Thus, in the past week, there has been no change in the SC price. In the last 24 hours, SC has traded between $0.0099 - $0.012.

<img class="shrinkToFit" src="https://s3.tradingview.com/snapshots/h/hSHGyWkf.png" alt="https://s3.tradingview.com/snapshots/h/hSHGyWkf.png" width="847" height="400" />

<a href="https://s3.tradingview.com/snapshots/h/hSHGyWkf.png">https://s3.tradingview.com/snapshots/h/hSHGyWkf.png</a>
<h2><b>Day-Ahead and Tomorrow</b></h2>
Currently, SC is trading at $0.0118. The price has increased slightly from the day’s opening price of $0.01. Thus, the market seems to be uptick.

The <strong>MACD and signal lines</strong> have just turned positive. Moreover, a bullish crossover by the MACD line over the signal line has occurred. Thus, the overall market momentum has turned bullish. Hence, we can expect the price to rise further.

Currently, the <strong>RSI indicator</strong> is at 40%. It faced rejection at 38% and rose to the current level. Hence, buying pressures are slowly building. High buying activity will exert upward pressure on the SC price.

Besides, the<strong> OBV indicator</strong> is upward sloping. Thus, buying volumes are higher than selling volumes. High buying activity will push the price further up. In a nutshell, all three oscillators have given bullish signals.
<h2><b>SC Technical Analysis</b></h2>
Currently, the price is above the <strong>second Fibonacci pivot resistance level</strong> of $0.0112. It may soon surpass the third resistance level of $0.0117.

The price has tested and broken out of the <strong>23.6% FIB extension level</strong> of $0.0115. It may soon break out of the <strong>38.2% FIB extension level</strong> of $0.0117 as well. Thus, as of now, the bulls are strong. Hence, we can expect the price upswing to continue tomorrow as well.

SC Technical Analysis: Price Is Above the Second Fibonacci Pivot Resistance Level of $0.0112

SC price has tested and broken out of the 23.6% FIB extension level of $0.0115. It may soon break out of the 38.2% FIB extension level of $0.0117 as well. Thus, as of now, the bulls are strong. Hence, we can expect the price upswing to continue tomorrow as well.

Ankita is reading geek by birth, she loves to read and write about finance and now cryptocurrencies and blockchain since 2017. A Bitcoin enthusiast ever since, she likes to understand businesses and how they affect everything else. Ankita contributes on our news bulletin with the latest happening in blockchain, crypto and ICO market specifically.

SC Technical Analysis: Price Is Above the Second Fibonacci Pivot Resistance Level of $0.0112

Top Picks