What do the Short-Term Technicals Predict for Siacoin (SC) Tuesday?
Tuesday, July 26, 2022 06:03 AM | InvestorsObserver Analysts
Siacoin receives a weak short-term technical score of 30 from InvestorsObserver analysis. Our proprietary scoring system considers the recent trading patterns of the coin by looking at the price movement to determine if it is trending in the right direction. SC holds a better recent technical analysis than 30% of coins at its current price. Investors who are focused on short-term growth and looking for hot and trendy coins will find the Short-Term Rank especially relevant when allocating their assets.
InvestorsObserver is giving Siacoin a 30 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Siacoin!
SC is currently $0.000522 (15.06%) above its 30-day low of $0.003463370 and -$0.000978 (-19.70%) below its 30-day high of $0.00496280. Additionally, SC is under its average price of $0.004006191 over the past month of trading with its current price of $0.003985126. Overall, the recent trading history of Siacoin suggest that traders are currently bearish on the coin.
Siacoin's market cap of $205,320,785.67 is relatively average for a coin. The market valuation for Siacoin is relatively average due to the largest 100 cryptos having a market cap above $1 billion and SC sits underneath that mark but remains above $100 million in market capilization. Meanwhile, SC's average volume is average with $114,683,930.42 worth of the coin traded over an average 24 hour period. The volume for SC is relatively average as the most traded 100 cryptos have roughly $100 million worth of the crypto exchanged over a 24 hour period and a large portion of the market trades at least $5 million worth each day. Over the last 24 hours, SC's volume is below its usual with $4,318,859.66 exchanged.
Siacoin's subclass Distributed Software Platform: A platform is a decentralized infrastructure designed for a purpose. These can take the form of exchanges for the trading of cryptocurrencies, decentralized data storage, artificial intelligence, virtual or augmented reality, distributed computing and big data collection, among other things.
Summary
Siacoin's price movement over the past month has led to a a weak short-term technical score due to recent trading giving more bearish signals for traders on the coin's short-term movement.
Click Here to get the full Report on Siacoin (SC).
Share this article:
Stay In The Know
Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.
Thank you for signing up! You're all set to receive the Morning Update newsletter
