SC coin price struggles to rise higher due to the increasing underlying bearishness. Hence, a bearish reversal possibility increases.  

<a href="https://www.cryptoknowmics.com/news/siacoin-price-prediction-2021-2025-will-sc-reach-0-1-by-the-end-2025/">Sia was created by David Vorick</a> in mid-2013 while he was studying computer science at Rensselaer Polytechnic Institute. Sia is a safe and trusted marketplace for cloud storage, where users can rent storage space. 

A smart contract enforces agreements and transactions. Siacoin serves as the medium of exchange to pay for storage on the network. Siacoin (SC), the native utility token for Sia, is a blockchain-based distributed cloud storage site.

Let us now <a href="https://www.cryptoknowmics.com/news/sc-technical-analysis-hold-through-the-fall-for-upcoming-bull-run/">look</a> at the technical analysis of Siacoin cryptocurrency.
<h2>Past Performance of Siacoin (SC)</h2>
SC coin prices are rising in a short-term uptrend. However, the recent opposition from the $0.020 has caused a fall of 5.54% on 10th October.

However, the retracement can be seen as a retest of the bullish breakout of $0.018. Hence, we must wait till the price gives closing below $0.018 before taking a bearish stand. 

<img class="tv-snapshot-image aligncenter" src="https://s3.tradingview.com/snapshots/t/TqOFyYBg.png" alt="TradingView Chart" width="1167" height="650" />

Source -<a class="editor-rtfLink" href="https://www.tradingview.com/x/TqOFyYBg/" target="_blank" rel="noopener"> Tradingview</a>
<h2>Siacoin (SC) Technical Analysis</h2>
SC cryptocurrency currently stands at $0.01978. The cryptocurrency has also fallen by 1.05% over the past 24 hours. Siacoin currently ranks #101 in the CoinMarketCap rankings, with a market capitalization of $9.62 million.

The pivot points indicate that the following resistance levels are $0.0235 or $0.327. On the other hand, support levels are $0.0184 or $0.137.

The MACD and signal lines of the daily chart rise above the zero line. The lines are bullish because the fast line is always above the slow one. As a result, the bullish histograms also maintain their strength. The indicator thus gives a bullish signal.

In the daily chart, the RSI indicator rises to 58%. The overall trend remains positive. The indicator predicts a rise of underlying bullishness.
<h2>Upcoming Trend</h2>
As per the Siacoin technical analysis, the SC crypto is ready to jump higher after retesting the $0.32 zone. However, the fall in trading volume will be a considerable obstacle, and it must be reversed for a successful bull run.

SC Technical Analysis: Bullish Trend Weakens With Near $0.022 Mark

SC coin price struggles to rise higher due to the increasing underlying bearishness. Hence, a bearish reversal possibility increases.  

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

SC Technical Analysis: Bullish Trend Weakens With Near $0.022 Mark

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