SCRT PLUNGES INTO DEEP CORRECTION 📉🚨
$SCRT slumped to $0.00710, a 22.83% drop that ripped through the $0.00800 order‑block and erased the mid‑range bias in minutes 🚨. The 24‑hour volume of $1.5 M was insufficient to absorb the sell‑pressure surge, and the momentum histogram flipped sharply negative, signaling accelerated downside bias 📉.
The price is now testing the $0.006733 support zone, a level that held during the previous correction and aligns with a tight liquidity cluster ⚠️. A breach below this floor would expose the next order‑block around $0.00590, opening a path toward the $0.0050 trough observed last month. Conversely, a bounce off $0.006733 could rally the asset back to the nearest resistance at $0.00850, with a secondary target near $0.00930 if buying pressure re‑emerges.
On the macro front, the broader alt‑coin sector has been absorbing net inflows, yet the recent order‑block breach suggests that institutional accumulation is pausing, allowing short‑term liquidity sweeps to dominate the narrative ⚡. Until the sell‑side capitulates, $SCRT is likely to respect the $0.006733 floor, making any upside speculative and contingent on a clear reversal candle.
DYOR
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