Siacoin started off October with big news and big gains, enjoying a streak of strong bullish momentum inspired by lead developer David Vorick’s blog announcement on October 1, which confirmed the project is finally moving to brick Bitmain and Innosilicon mining hardware from the network when the project hard forks at the end of the month.
Over the course of the past 4 days surging support was able to drive SC beyond the year-long downtrending resistance level and rally over 30% at its peak price point; becoming one of the best performers among the top 50 cryptos this week.
For now, the community seems to be recovering after the initial excitement of the landmark news, with trading volume and momentum starting to rebalance. However, with a golden crossover between the 50/200 EMA lines on the 4hr chart, we’re almost certain to see further bullish activity from t...
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