📉 $SCRT Technical Analysis | 4H
Bias: Bearish 📉
$SCRT is currently experiencing significant downward pressure, having declined over 21% in the last 24 hours. The market structure on the 4H timeframe is heavily bearish, as the price is trading well below both the 20 and 50 EMAs, with the EMA20 also positioned below the EMA50.
📊 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 setup favors the bearish side. With an RSI of 33.11, momentum is weak, and the negative MACD histogram suggests that downside pressure remains visible. While the price is approaching the immediate support level at 0.0067, a sustained recovery above the 0.018 resistance would be required to weaken the current bearish outlook. Further confirmation is needed to see if the support level can hold under the current volume.
⚠️ Technical analysis only. Not financial advice.
#SCRT #SecretNetwork #Crypto #TechnicalAnalysis #Binance
Bias: Bearish 📉
$SCRT is currently experiencing significant downward pressure, having declined over 21% in the last 24 hours. The market structure on the 4H timeframe is heavily bearish, as the price is trading well below both the 20 and 50 EMAs, with the EMA20 also positioned below the EMA50.
📊 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 setup favors the bearish side. With an RSI of 33.11, momentum is weak, and the negative MACD histogram suggests that downside pressure remains visible. While the price is approaching the immediate support level at 0.0067, a sustained recovery above the 0.018 resistance would be required to weaken the current bearish outlook. Further confirmation is needed to see if the support level can hold under the current volume.
⚠️ Technical analysis only. Not financial advice.
#SCRT #SecretNetwork #Crypto #TechnicalAnalysis #Binance
