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Siacoin (SCUSDT) Market Overview: July 16, 2025

Generated by AI AgentAinvest Crypto Technical Radar

Wednesday, Jul 16, 2025 10:20 am ET1min read

Aime Summary

- Siacoin (SCUSDT) traded between $0.00328 and $0.003531, closing at $0.003414 with 24-hour volume spiking to 120.8M SC and $4,351 USD turnover.

- A bullish engulfing candle and 20-day MA crossover above the 50-day MA signal short-term upward momentum, facing resistance at $0.003531.

- Support near $0.00340 (50-day MA) and Fibonacci retracements suggest potential pullbacks, while institutional buying hints at longer-term stability.

Siacoin (SCUSDT) traded between $0.00328 and $0.003531 over the past 24 hours, closing at $0.003414. The session opened at $0.003289 (July 15, 12:00 ET) and recorded a total volume of 120.8 million SC and turnover of $4,351 USD.

Summary

• Sharp 8.7% rally to $0.003531, followed by 3.3% pullback to $0.003414.
• Bullish engulfing candle on July 16 at $0.00351 highlights buying pressure.
• Resistance at $0.003531; support near $0.00340 (50-day MA).
• Volume spiked 12x during the July 16 surge, signaling institutional interest.

Technical Analysis

Structure & Formations: The $0.003531 peak forms near-term resistance, while the 50-day MA at $0.00340 acts as dynamic support. A bearish inside bar on July 16 (low $0.003404) hints at consolidation.

Moving Averages: The 20-day MA ($0.003425) crossed above the 50-day MA ($0.003403), signaling a bullish trend shift. Daily 50/100/200 MA alignment suggests longer-term stability.

MACD & RSI: MACD line (0.000024) holds above the signal line, with momentum neutral. RSI dipped to 52 (neutral) after briefly touching 70 (overbought), indicating fading upside pressure.

Bollinger Bands: Price retreated to the middle band after hitting the upper band at $0.003531, signaling volatility contraction.

Volume & Turnover: July 16’s $0.00351 rally coincided with a 12x volume surge (vs. 24-hour average), confirming buyer conviction. A minor divergence appeared at the $0.003531 peak, where volume peaked before price.

Fibonacci Retracements: A 38.2% retracement ($0.003483) and 61.8% ($0.003452) from the July 16 swing define intermediate resistance.

Outlook

Siacoin may test $0.003531 resistance first, with a breakout hinting at further gains to $0.00356 (next Fib level). A sustained drop below $0.00340 risks a deeper correction to $0.00335. Traders should prioritize stop-losses near $0.00338 amid choppy volatility.

Disclaimer: This analysis is for informational purposes only. Crypto markets are volatile; always verify with your risk tolerance.

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