The Blackcoin is scheduled to undergo Segwit activation on September/October announced by the dev team on twitter.  The price traded lower right after the announcement which also coincided with another Bitcoin vertical surge.

Since then the price recovered from the big psychological level at 4800 satoshis.  Segwit activation and the overall altcoin mood could spark another upward run of BLK.

Look at what Segwit has done to Litecoin. LTC is now valued over $2 bn, the price had moved up 13X since the Segwit. The same Segwit-driven bullrun also helping Bitcoin gone past #4 last week.


 

Blackcoin (BLK/BTC) Technical Analysis

Blackcoin (BLK/BTC) Technical Analysis

The volume has been over $1 million since August 20.  The price is still hovering around $0.27 and with the total marketcap of $21 million. I think the accumulation volume is real, and the price stands a good chance to appreciate once everyone picks up the news.
BLK/BTC daily volume

target 1 : 0.00009300
target 2 : 0.00011466
target 3 : 0.00015900 (longer tem target)

MACD in oversold position. These could signal buying interest could be in soon.


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Please do your own due diligence before making any investment decision. This article should not serve as investment advice. This post is mainly as reference and tutorial for trading on possible cryptocurrency breakout.