📉 $SCRT Technical Analysis | 4H
Bias: Bearish 📉
$SCRT is currently experiencing significant selling pressure, highlighted by a sharp 21.11% decline over the last 24 hours. The price is trading well below both the EMA 20 and EMA 50, signaling that the short-to-medium-term trend remains firmly controlled by sellers on the 4H timeframe.
📊 Technical Indicators:
• EMA20: 0.0090
• EMA50: 0.0115
• RSI14: 33.12
• MACD: -0.0010
• 24H Change: -21.11%
🔻 Key Support: 0.0067
🔺 Key Resistance: 0.018
The current technical structure remains weak as the MACD stays below its signal line with a negative histogram. While the RSI at 33.12 indicates bearish momentum, it is approaching the oversold threshold, suggesting that while downside pressure remains visible, a temporary consolidation near the 0.0067 support level could occur. Further confirmation is needed to see if the price can find a floor at current levels.
⚠️ Technical analysis only. Not financial advice.
#SCRT #SecretNetwork #Crypto #TechnicalAnalysis #Binance
Bias: Bearish 📉
$SCRT is currently experiencing significant selling pressure, highlighted by a sharp 21.11% decline over the last 24 hours. The price is trading well below both the EMA 20 and EMA 50, signaling that the short-to-medium-term trend remains firmly controlled by sellers on the 4H timeframe.
📊 Technical Indicators:
• EMA20: 0.0090
• EMA50: 0.0115
• RSI14: 33.12
• MACD: -0.0010
• 24H Change: -21.11%
🔻 Key Support: 0.0067
🔺 Key Resistance: 0.018
The current technical structure remains weak as the MACD stays below its signal line with a negative histogram. While the RSI at 33.12 indicates bearish momentum, it is approaching the oversold threshold, suggesting that while downside pressure remains visible, a temporary consolidation near the 0.0067 support level could occur. Further confirmation is needed to see if the price can find a floor at current levels.
⚠️ Technical analysis only. Not financial advice.
#SCRT #SecretNetwork #Crypto #TechnicalAnalysis #Binance
