📉 $SCRT Technical Analysis | 4H
Bias: Bearish 📉
$SCRT is currently exhibiting strong downward pressure following a sharp 21% decline over the last 24 hours. The price is trading well below both the EMA 20 and EMA 50, confirming a dominant 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 market structure heavily favors the bearish side as the MACD remains below its signal line with a negative histogram. While the RSI is nearing the oversold threshold, momentum is currently categorized as weak. Sellers remain in control, and the asset is currently testing levels near its immediate support. A break below 0.0067 could signal further downside, while a recovery above the EMAs would be needed to weaken the current bearish setup.
⚠️ Technical analysis only. Not financial advice.
#SCRT #SecretNetwork #TechnicalAnalysis #Binance #Altcoins
Bias: Bearish 📉
$SCRT is currently exhibiting strong downward pressure following a sharp 21% decline over the last 24 hours. The price is trading well below both the EMA 20 and EMA 50, confirming a dominant 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 market structure heavily favors the bearish side as the MACD remains below its signal line with a negative histogram. While the RSI is nearing the oversold threshold, momentum is currently categorized as weak. Sellers remain in control, and the asset is currently testing levels near its immediate support. A break below 0.0067 could signal further downside, while a recovery above the EMAs would be needed to weaken the current bearish setup.
⚠️ Technical analysis only. Not financial advice.
#SCRT #SecretNetwork #TechnicalAnalysis #Binance #Altcoins
