By looking at the historical price trends of SIA and several market opinions, we will try to present a Siacoin price prediction for May 2020.
Siacoin Overview
Siacoin is a blockchain project developed for cloud storage that was launched back in June 2015. SIA/SC token powers the platform and enables users to transact, store, host, and rent data storage.
Today, Siacoin (SC) is trading at a price of $0.002062, with a decrease of -3.20% in the last 24 hours. The crypto holds the 69th rank according to a market cap of $86,233,154, with a circulating supply of 41,817,047,634 SC. There has been $1,238,702 worth of SC coins traded in the last 24-hour period.
Siacoin Price Prediction: Analysis
Siacoin had been struggling up until April 24th to break the $0.0014 resistance level, but then, the coin suddenly skyrocketed on April 26th, reaching $0.0018.
The next day, Sia corrected itself to $0.0017, but briefly reached a new resistance level of $0.0019 before falling back down to $0.017. The coin continued trading the next day between $0.0016 and $0.0017, but then, started a bullish rally again on April 29th, touching $0.002.
On the last day of April, Siacoin surged to an intraday high of $0,002471 and closed the day over $0.0021.
Sia debuted may at a price of $0,002122, and rallied to $0,002345, but closed the day at $0.0022 levels. For the first week, Sia traded mostly between $0.0020 and $0.0022, with minor brushes with the $0.0023 and $0.0024 resistance levels.
On May 10th, Sia dropped like the rest of the market and fell from a price of $0.0022 to $0,001869, closing at $0,001941. On May 11th, Siacoin traded all day below the $0.002 mark, signaling a bearish momentum with a closing value of $0,001841.
The resistance, pivot, and support levels calculated by WalletInvestor are:
- Resistance Level (R3): 0.002063
- Resistance Level (R2): 0.002013
- Resistance Level (R1): 0.00193
- Pivot Point: 0.00188
- Support Level (S1): 0.00179
- Support Level (S2): 0.00174
- Support Level (S3): 0.00166
Developments
There have been no recent developments or partnerships in the past month involving Siacoin’s project that has been made officially public.
Siacoin Price Prediction: Market Opinion for May 2020
As there are many crypto forecasting platforms that have calculated the prices for their Siacoin price prediction for May 2020, we will include a few of these forecasts to better reflect the market sentiment for Sia.
Digitalcoinprice
Digitalcoinprice expects Siacoin to trade in May at a price of $0.00333301, which would mean a change of 75.82%.
Altcoinforecast
Altcoinforecast predicted that Sia would close May at a price of $0.0014.
Gov.capital
Gov.capital anticipated that Siacoin will have a closing price of $0.00318 for May, with a minimum possible value of around $0.00314 and a maximum value of $0.00321.
Coinpredictor
Coinpredictor expects Siacoin to increase in the next seven days with +1.3%, which would place the coin around $0.002055.
Bitverzo
Bitverzo’s Siacoin price prediction for May was that the coin would be trading at an average price of $0.003014, with a minimum of $ -0.005440 and a maximum of $0.010552.
| Date | Avarge | Low | High |
|---|---|---|---|
| Friday, May 15, 2020 | 0.002476 | -0.004731 | 0.009734 |
| Saturday, May 16, 2020 | 0.002515 | -0.004676 | 0.010177 |
| Sunday, May 17, 2020 | 0.002382 | -0.004875 | 0.010675 |
| Monday, May 18, 2020 | 0.002074 | -0.005827 | 0.010015 |
| Tuesday, May 19, 2020 | 0.001832 | -0.005750 | 0.008920 |
| Wednesday, May 20, 2020 | 0.001765 | -0.005803 | 0.009829 |
| Thursday, May 21, 2020 | 0.001738 | -0.005027 | 0.009530 |
| Friday, May 22, 2020 | 0.001798 | -0.005697 | 0.009880 |
| Saturday, May 23, 2020 | 0.001993 | -0.005370 | 0.009868 |
| Sunday, May 24, 2020 | 0.002034 | -0.006083 | 0.009420 |
| Monday, May 25, 2020 | 0.001913 | -0.005546 | 0.009793 |
| Tuesday, May 26, 2020 | 0.001866 | -0.005695 | 0.009643 |
| Wednesday, May 27, 2020 | 0.002000 | -0.005628 | 0.009349 |
| Thursday, May 28, 2020 | 0.002172 | -0.005624 | 0.009492 |
| Friday, May 29, 2020 | 0.002426 | -0.005495 | 0.009985 |
| Saturday, May 30, 2020 | 0.002804 | -0.004405 | 0.010358 |
| Sunday, May 31, 2020 | 0.003014 | -0.005440 | 0.010552 |
WalletInvestor
WalletInvestor made an SIA price prediction for every day of the next 10 days of May, along with their possible minimum and maximum values.
| Date | Price | Min Price | Max Price |
|---|---|---|---|
| 2020-05-16 | 0.00215 | 0.00185 | 0.00243 |
| 2020-05-17 | 0.00211 | 0.00184 | 0.00238 |
| 2020-05-18 | 0.00211 | 0.00184 | 0.00239 |
| 2020-05-19 | 0.00211 | 0.00183 | 0.00238 |
| 2020-05-20 | 0.00222 | 0.00196 | 0.00251 |
| 2020-05-21 | 0.00232 | 0.002044 | 0.00260 |
| 2020-05-22 | 0.00232 | 0.002052 | 0.00261 |
| 2020-05-23 | 0.00237 | 0.002095 | 0.00263 |
| 2020-05-24 | 0.00232 | 0.002063 | 0.00261 |
| 2020-05-25 | 0.00232 | 0.002023 | 0.00259 |
Cryptoground
Cryptoground projected that, in one day, Siacoin will be changing hands at $0.0020, with a change of 5.71%, and the site also estimated that, next week, the coin will still be around $0.0020, with a rise of 3.26%.
Cryptorating
Cryptorating’s prediction for the next day of May is that Siacoin will trade at $0.001735, losing -9.21%, and they also projected that SC, in one week, will be around $0.002529, marking a rise of 32.34%.
Siacoin Price Prediction: Verdict
This has been our Siacoin price prediction for May 2020. From what we can see, the opinions are divided when it comes to Sia’s price development for this month, but we expect the coin to continue trading between the $0.0017- $0.0020 range.
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