You are not early. Siacoin has been pumping for four months. The current price is up almost 600% from the lows.
There is an interesting project development, yes. But it is poorly communicated and unlikely to be the reason for the pump. The pump comes from Korea. It seems to be an artificial pump with no real demand and very low volume. Artificial pumps end in what? Correct, dumps.
Binance has disabled SC withdrawals several times over the past few weeks. Currently the price on Upbit is higher because arbitrage from Binance, where the liquidity is, is not possible. The Sia team has stated that there is no technical issue on their end that would justify disabling wallets. Yet Binance does it. Why is that? Perhaps to prevent market manipulation?
Then there are technical reasons why SC is anything but a good buy at the moment.
SC is in a zone of significant resistance and other notable factors. Namely:
• Years old horizontal SR line, in weekly/monthly, now resistance.
• Previous bull run support line, now resistance.
• Previous high resistance, with double local top risk.
• Most importantly, six-year resistance, some 25% ahead.
• Facing weekly EMA 50 resistance on the ETH pair.
• Trading in a rising wedge.
• No trendline test for almost 2 months.
• No daily EMA 100 test for almost 4 months.
Siacoin is likely to go higher, but not now. Significant project development is expected to be completed by the end of the year. There will be a correction of at least 45-70% before new highs are reached.
My buying areas are around 0.0078, 0.0066, 0.0058 or maybe even 0.0045. Patience is key.