📉 $SCRT Technical Analysis | 4H
Bias: Bearish 📉
$SCRT is experiencing a sharp decline, dropping over 21% within the last 24 hours. The price structure on the 4H chart remains under heavy pressure as the asset continues to trade significantly below both the 20 and 50 EMAs, signaling a strong downtrend.
📊 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 market structure favors the bearish side. The EMA 20 is trending well below the EMA 50, and the MACD remains below its signal line with a negative histogram, confirming persistent selling pressure. With the RSI at 33.11, momentum is currently weak. While the price is nearing the key support at 0.0067, a decisive recovery above resistance would be necessary to weaken the current bearish setup. Further confirmation of stability is needed before any shift in bias.
⚠️ Technical analysis only. Not financial advice.
#SCRT #SecretNetwork #Crypto #TechnicalAnalysis #Altcoins
Bias: Bearish 📉
$SCRT is experiencing a sharp decline, dropping over 21% within the last 24 hours. The price structure on the 4H chart remains under heavy pressure as the asset continues to trade significantly below both the 20 and 50 EMAs, signaling a strong downtrend.
📊 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 market structure favors the bearish side. The EMA 20 is trending well below the EMA 50, and the MACD remains below its signal line with a negative histogram, confirming persistent selling pressure. With the RSI at 33.11, momentum is currently weak. While the price is nearing the key support at 0.0067, a decisive recovery above resistance would be necessary to weaken the current bearish setup. Further confirmation of stability is needed before any shift in bias.
⚠️ Technical analysis only. Not financial advice.
#SCRT #SecretNetwork #Crypto #TechnicalAnalysis #Altcoins