Siacoin and Chiliz Price Prediction: Can Top Performers Prolong The Bull Run?

The post Siacoin and Chiliz Price Prediction: Can Top Performers Prolong The Bull Run? appeared first on Coinpedia Fintech News

Being the top performers, the Siacoin and Chiliz are reflecting a sudden surprise for holders with an overnight rally. Ranking the charts after a prompt bearish phase, the altcoins are capitalizing on the extra momentum in the market. 

With Siacoin (SC) and Chiliz (CHZ) showcasing the extra fuel to prolong the newfound rally, let’s have a closer look at their charts. Will the SC price resurge to $0.25? Will CHZ continue the uptrend to $1 this year?

Let’s find out more in the price analysis below. 

Will the SC price resurge to $0.25? 

With a bullish reversal in the last two weeks, the SC price presents an entry opportunity with the 23.60% Fib level breakout. Rising almost 90% in the last two weeks, the consecutive bullish engulfing candles in the weekly chart reflect strong demand.

Source: TradingView

With a $928 Million market cap, Siacoin ranks as the 78th biggest cryptocurrency and shows a 450% rise in trading volume. This supports the ongoing bull run and projects a potential trend continuation in the coming weeks. 

Further, the rising trend brings a high likelihood of a 50 and 200-day EMA crossover for a golden crossover. This will signal a bullish trend reversal for Siacoin after years of cold winters.

With the technical charts and market sentiments screaming a bull run, the SC price could top $0.25 in the coming months. 

Is Chiliz Ready For A New 52W High?

Being a top performer with the remarkably lower price rejection candle in the daily chart, the CHZ price seems unstoppable. However, the daily chart reflects a pivotal brawl happening at the overhead resistance trendline. 

Source: TradingView

With the ongoing bull run coming with a huge rise in trend momentum, the CHZ price reclaims the 61.80% trend-based Fib level at $0.12. Thus, the likelihood of a new high formation to break above the overhead trendline increases significantly. 

With a $1.10B market cap, Chiliz is the 67th biggest crypto and is rising in rank quickly. Further, the spike in trading volume of 58% overnight supports the bullish surge, presenting a breakout opportunity.

Considering the uptrend surpasses the trendline, the CHZ price can reach the $0.22 mark.