- Siacoin (SC) gained 5% today while most altcoins declined amid a broader crypto market pullback, with Ethereum dropping 7% from its recent peak.
- SC is forming a fractal pattern similar to late 2023, when it bounced from a descending triangle's support and rallied 504% after breaking above its 200-day moving average.
- The current setup shows SC rebounding from triangle support and approaching its 200-day MA at $0.003352 after a similar 261-day consolidation cycle.
- If the pattern repeats with a close above the 200-day MA and RSI resistance, the first upside target is $0.0083, representing 145% potential gains.
Date: Fri, Aug 22, 2025 | 09:56 AM GMT
The cryptocurrency market is facing notable pullback as Ethereum (ETH) pulls back to $4,300 from its recent $4,780 peak, marking a 7% weekly decline. While the correction has weighed on most altcoins, Siacoin (SC) is quietly showing signs of resilience, gaining 5% today.
More importantly, its chart is flashing a familiar fractal pattern — one that historically preceded a bullish rally.
Fractal Setup Hints at a Bullish Continuation
On the daily chart, SC has been moving within a broad descending triangle pattern. While this formation is typically bearish, history shows that if buyers defend the base support, it can instead trigger a bullish reversal.
A striking example occurred in late 2023, when SC bounced perfectly from the triangle’s lower boundary. After a 261-day consolidation range, the token reclaimed its 200-day moving average and broke out above a multi-month RSI resistance line. This technical alignment sparked a remarkable 504% rally, carrying SC toward the upper boundary of the triangle.
Now, the current setup looks eerily similar.
Once again, SC has rebounded off the triangle’s base support and is now approaching its 200-day MA at $0.003352 after nearly the same 261-day consolidation cycle. The RSI structure is also showing signs of repeating its prior breakout formation — a potential prelude to another explosive move.
What’s Next for SC?
If this fractal pattern continues to play out, a decisive close above the 200-day MA and RSI downtrend resistance could be the spark for the next major rally. The first logical upside target would be the late 2024 swing high near $0.0083, which represents an impressive 145% potential upside from current levels.
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