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
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