Top Crypto Gainers Today Aug 13 – Saga Protocol, Convex Finance, Echelon Prime, Siacoin

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Aug 13 2024

SC+0.513%

SAGA-8.48%

CVX-1.772%

Should l Buy SC?

Market Overview: The cryptocurrency market is experiencing caution with a trading volume of $386.14 billion and a Fear & Greed Index at 31, indicating significant fear among investors; while 81% of cryptocurrencies have lost value, 19% have shown gains, highlighting pockets of resilience.
Top Gainers: Notable gainers include Saga Protocol (up 27%), Convex Finance (up 8.72%), Echelon Prime (up 8.23%), and Siacoin (up 4.17%), each demonstrating unique innovations and strengths in their respective sectors despite overall market volatility.

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Technical Analysis for SC

Technical Sentiment Analysis for Siacoin (SC). As of , Siacoin (SC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 1 indicators are flashing buy, while 4 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for SC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, SC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Siacoin (SC) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.000694	0.000862	0.00103	0.0012	0.00137	0.00154	0.00171
Fibonacci	0.000862	0.000991	0.00107	0.0012	0.00133	0.00141	0.00154

About SC

Siacoin (SC) is the native utility token of Sia, a blockchain-based distributed, decentralized cloud storage platform. Sia acts as a secure, trustless marketplace for cloud storage in which users can lease access to their unused storage space. Agreements and transactions are enforced with smart contracts, and Siacoin is the medium of exchange for paying for storage on the network. The main goal of the project is to become the 'backbone storage layer of the internet.'Sia was originally announced in May 2014 before being revised and re-announced a year later in May 2015. It officially launched in June 2015.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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