SIBCoin (SIB) has been moving on the high road as the bulls have put in a lot of effort to form a commanding rally in favor of SIBCoin. It is because of the efforts of the bulls that SIBCoin has observed a strong 203.2% rally in the past 24-hours. After observing the rally, the unit price for SIBCoin has reached up to $0.04787 per SIB.
The performance scale for SIBCoin suggests that the investors may continue increasing their buying power to provide more power to the bulls. This way, the bulls will be able to give a tough time to the bears. With the recent rally, the bulls have proven their strong sentiments in pushing SIBCoin higher.
The bulls have reportedly bought every dip for SIBCoin and this has brought the strength of the bears to a lower scale. This is the reason why SIBCoin bulls have a higher opportunity of hitting $0.09650 in near future.
As more investors keep siding with the bulls, SIBCoin may continue growing in size. The RSI is also on the upstream, and it has already climbed over line 60. This means that a stronger rally is ahead of the bulls and they can push SIBCoin up to $0.1455 per SIB.
If the rally keeps going on and the bulls keep building momentum, then the price of SIBCoin may grow up to another stronger value. The bulls are determined to push SIBCoin over to the third strong resistance zone and for that, they will need to fight against the bears with more aggression.
Here, the aggression means that the bulls will need to increase their buying power and bring more investment to the table. This way, the bears may end up losing to the competition and may get forced to withdraw. As a result, the price of SIBCoin may get pushed up to $0.2194 per SIB.
The negative approach towards SIBCoin suggests that the bears may increase their selling pressure at the current price to pull it lower. Their efforts would be to kill the rally before it gets cemented with more investors joining it.
If the bears are able to pull the plug on the rally, they may gain the chance to sink SIBCoin’s price. The first target for the bears would be to hit $0.03829 and then go for another major dip.
However, the bulls may try pushing back with more at the first strong support line ($0.03829). As the situation progresses and leans more into the bearish side, the price of SIBCoin may get pushed down to $0.03446 per SIB.
Then the bears may attempt another selling spree, focusing the RSI that they would want to move below the trendline. If that happens, then the price of SIBCoin may eventually get pushed down to $0.03101.
