$S " hai (Siacoin or something else), which belongs to Layer 1/2 category. The price is currently trading at 0.0898 USDT (Rs25.16) which is down -1.97% in 24h. Market sentiment is bearish, because the long-term performance is very weak—down -70% in 90 days and -74% in 180 days, resulting in heavy losses.
The price is currently in the critical support zone of 0.0890-0.0885, if it breaks this, it could go down to 0.0870. Immediate resistance is in the area of 0.0900-0.0908, where selling pressure may arise. If there is a bounce, the target could be 0.0914-0.0920 (24h High).
The ask side in the order book has relatively high volume, which is creating a hurdle for upward movement in the short term. Volume is relatively high, so price action could be somewhat volatile, trade with caution.
