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CDS Crypto News SC Crypto Begins to Exhibit Bearish Tendency Due to 33% Decline

Crypto News

SC Crypto Begins to Exhibit Bearish Tendency Due to 33% Decline

SC crypto is on the decline.

lectertodd25/02/20241 Mins read201

Crypto News – InvestorsObserver rates Siacoin (SC) as bearish on Saturday. The overall cryptocurrency market is up 1.09%, but the cryptocurrency is down 33.27% to $0.01012. This indicates that although the cryptocurrency’s price can fluctuate rapidly, it does so in a way that is proportionate to the value of the Siacoin that is being exchanged.

SC Crypto Begins to Exhibit Bearish Tendency Due to 33% Decline

Siacoin has received a bearish grade on the InvestorsObserver Sentiment Score for the past five days. The score evaluates Siacoin’s volume and price movement performance over the previous five days. Lately, Siacoin has had little trading activity. This indicates that the volume for today is less than the volume for the previous seven days on average.

The last five days have seen Siacoin trade close to its midway. Currently, the price is below support. SC is possibly in a turbulent zone as selling drives the cryptocurrency’s price below recent support, with resistance around $0.0210937485346203 and support at $0.0173011012622719.

Sources:investorsobserver

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Lectertodd is 27 years old. She graduated from Çankaya University, Department of Psychology, in 2021. She actively works as a writer, translator, and editor for various websites. Moreover, she loves reading, researching, and learning new things.

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