📉 $SCRT Technical Analysis | 4H
Bias: Bearish 📉
SCRTUSDT is currently exhibiting a strong bearish structure following a sharp -21.11% decline over the last 24 hours. The price is trading significantly below both the EMA 20 and EMA 50, confirming that sellers are currently in control of the short-term trend.
📊 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 momentum is weak, with the RSI sitting at 33.11, indicating bearish sentiment without yet reaching oversold extremes. Additionally, the MACD remains below its signal line with a negative histogram, suggesting that downside pressure remains visible. The market structure favors the bearish side unless a significant recovery above the EMA levels occurs. Further confirmation near the 0.0067 support level will be essential for the next directional move.
⚠️ Technical analysis only. Not financial advice.
#SCRT #SecretNetwork #Crypto #TechnicalAnalysis #Binance
Bias: Bearish 📉
SCRTUSDT is currently exhibiting a strong bearish structure following a sharp -21.11% decline over the last 24 hours. The price is trading significantly below both the EMA 20 and EMA 50, confirming that sellers are currently in control of the short-term trend.
📊 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 momentum is weak, with the RSI sitting at 33.11, indicating bearish sentiment without yet reaching oversold extremes. Additionally, the MACD remains below its signal line with a negative histogram, suggesting that downside pressure remains visible. The market structure favors the bearish side unless a significant recovery above the EMA levels occurs. Further confirmation near the 0.0067 support level will be essential for the next directional move.
⚠️ Technical analysis only. Not financial advice.
#SCRT #SecretNetwork #Crypto #TechnicalAnalysis #Binance
