SC Coin Technical Analysis | Siacoin | Price Ready To Break The Inverted Flag

Siacoin (SC) is the native token of the Sia network, which is built on the Ethereum network and serves as a utility token for offering decentralized cloud storage services to users.

The live SC token price today is $0.01549 with an intraday trading volume of $27,808,987.09. It is down by 4.49% in the last 24 hours. With a live market cap of $769 Million, the coin ranks 5th largest storage-based crypto.

 

The SC coin price action shows sideways movement between the $0.013-$0.017 levels after the 50% downfall from the $0.027 mark. Thus, the price action forms an inverted head and shoulder pattern in the daily chart. Moreover, the price bottles up within the triangle of the flag pattern indicating a breakout shortly.

 

Let’s have a deepened insight into the technical analysis of SC Token and see what the indicators have to say about it.

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