📉 $SCRT Technical Analysis | 4H
Bias: Bearish 📉
$SCRT is currently experiencing significant downward pressure, having declined by over 21% in the last 24 hours. The market structure is firmly bearish as the price remains positioned well below both the 20 and 50 EMAs, confirming a strong short-term 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
Momentum is currently weak, with the RSI trending downward but remaining above the 30 threshold. The MACD is negative and remains below its signal line, suggesting that downside pressure remains visible. While the asset is approaching its immediate support level, the current technical setup continues to favor the bearish side. Further confirmation of a bottom or a recovery above the EMA levels is needed to weaken this bearish outlook.
⚠️ Technical analysis only. Not financial advice.
#SCRT #Crypto #TechnicalAnalysis #Binance #Altcoins
Bias: Bearish 📉
$SCRT is currently experiencing significant downward pressure, having declined by over 21% in the last 24 hours. The market structure is firmly bearish as the price remains positioned well below both the 20 and 50 EMAs, confirming a strong short-term 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
Momentum is currently weak, with the RSI trending downward but remaining above the 30 threshold. The MACD is negative and remains below its signal line, suggesting that downside pressure remains visible. While the asset is approaching its immediate support level, the current technical setup continues to favor the bearish side. Further confirmation of a bottom or a recovery above the EMA levels is needed to weaken this bearish outlook.
⚠️ Technical analysis only. Not financial advice.
#SCRT #Crypto #TechnicalAnalysis #Binance #Altcoins
