📉 $SCRT Technical Analysis | 4H
Bias: Bearish 📉
$SCRT is currently facing significant downward pressure, evidenced by a sharp 21% decline over the last 24 hours. The price is trading well below both the EMA 20 and EMA 50, confirming a strong bearish trend on the 4H timeframe.
📊 Technical Indicators:
• EMA20: 0.0090
• EMA50: 0.0114
• RSI14: 33.11
• MACD: -0.0010
• 24H Change: -21.11%
🔻 Key Support: 0.0067
🔺 Key Resistance: 0.018
The current technical structure heavily favors the bearish side as momentum remains weak. The MACD is positioned below its signal line with a negative histogram, reflecting ongoing selling interest. While the RSI is approaching the oversold threshold, downside pressure remains visible. A sustained move and recovery above the immediate EMA levels would be required to weaken this bearish setup.
⚠️ Technical analysis only. Not financial advice.
#SCRT #SecretNetwork #Crypto #TechnicalAnalysis #Binance
Bias: Bearish 📉
$SCRT is currently facing significant downward pressure, evidenced by a sharp 21% decline over the last 24 hours. The price is trading well below both the EMA 20 and EMA 50, confirming a strong bearish trend on the 4H timeframe.
📊 Technical Indicators:
• EMA20: 0.0090
• EMA50: 0.0114
• RSI14: 33.11
• MACD: -0.0010
• 24H Change: -21.11%
🔻 Key Support: 0.0067
🔺 Key Resistance: 0.018
The current technical structure heavily favors the bearish side as momentum remains weak. The MACD is positioned below its signal line with a negative histogram, reflecting ongoing selling interest. While the RSI is approaching the oversold threshold, downside pressure remains visible. A sustained move and recovery above the immediate EMA levels would be required to weaken this bearish setup.
⚠️ Technical analysis only. Not financial advice.
#SCRT #SecretNetwork #Crypto #TechnicalAnalysis #Binance
