📉 $SCRT Technical Analysis | 4H
Bias: Bearish 📉
SCRT is currently facing intense selling pressure, recording a sharp decline of over 21% within the last 24 hours. The price action remains firmly below both the 20 and 50 EMAs, confirming that the short-to-medium-term trend is dominated by sellers.
📊 Technical Indicators:
• EMA20: 0.0090
• EMA50: 0.0115
• RSI14: 33.12 (Weak momentum)
• MACD: -0.0010 (Negative)
• 24H Change: -21.11%
🔻 Key Support: 0.0067
🔺 Key Resistance: 0.018
The current technical structure favors the bearish side as the MACD remains below its signal line with a negative histogram. While the RSI indicates weak momentum as it nears the 30 level, the downside pressure remains visible. The price is currently approaching the 0.0067 support level; a failure to hold this area could signal further weakness, whereas a recovery above the EMA20 would be needed to begin neutralizing the bearish bias.
⚠️ Technical analysis only. Not financial advice.
#SCRT #SecretNetwork #Crypto #TechnicalAnalysis #Binance
Bias: Bearish 📉
SCRT is currently facing intense selling pressure, recording a sharp decline of over 21% within the last 24 hours. The price action remains firmly below both the 20 and 50 EMAs, confirming that the short-to-medium-term trend is dominated by sellers.
📊 Technical Indicators:
• EMA20: 0.0090
• EMA50: 0.0115
• RSI14: 33.12 (Weak momentum)
• MACD: -0.0010 (Negative)
• 24H Change: -21.11%
🔻 Key Support: 0.0067
🔺 Key Resistance: 0.018
The current technical structure favors the bearish side as the MACD remains below its signal line with a negative histogram. While the RSI indicates weak momentum as it nears the 30 level, the downside pressure remains visible. The price is currently approaching the 0.0067 support level; a failure to hold this area could signal further weakness, whereas a recovery above the EMA20 would be needed to begin neutralizing the bearish bias.
⚠️ Technical analysis only. Not financial advice.
#SCRT #SecretNetwork #Crypto #TechnicalAnalysis #Binance
