After the introduction Santiment Network’s token in July 2017, the coin received a warm welcome as its value tripled in just a month. This provided the investors a huge return. But soon like most of the coins, the bullish streak wore off, and since then a gradual downward movement dominated the coin until it stabilized. Now with over 60 million SAN token in circulation, the coin has a market cap of more than $15.7 million.
- Against USD, SAN appreciated 30 percent over the week and more than 8 percent in the last 24-hours
- SAN/BTC gained 5.5 percent week-on-week with current trading value at 0.000039 BTC
Last week SAN had an excellent performance on the exchanges with its bullish movement. The week started with a steep rise which took the SAN/USD’s value from $0.20 to $0.27 in less than 12 hours. This is a gain of 30 percent. But a significant resistance at $0.28 checked any further growth.
Even though this resistance level was tested for a while, it could not be breached and ultimately resulted in a downward movement. But the token found a strong support level at $0.238. A new resistance level also formed at $0.258 and for most of the mid-week, the token was traded within this new found band of support and resistance.
In the 24-hour chart, SAN had a strong upward movement and also breached the resistance at $0.258. With a daily appreciation of more than 8 percent, the token SAN/USD pair is currently trading around $0.26.
Even though the technical indicators are running bullish, both Stoch and RSI are way above the overbuying line. So there may be a dip in SAN/USD value soon. MACD is running almost flat as the coin mostly stabilized, but there is a small sign of bull.
Against Bitcoin, SAN had a lot of ups and downs, but ultimately there is an appreciation of about 5.5 percent over the week. Currently, SAN/BTC is trading at 0.000039 BTC.Trade on SAN
NOTE: This article is not an investment advice. Any references to historical price movements or levels is informational and based on external analysis and we do not warranty that any such movements or levels are likely to reoccur in the future.
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