📉 $SCRT Technical Analysis | 4H
Bias: Bearish 📉
$SCRT is currently facing significant downward pressure, reflected in a sharp 21% decline over the past 24 hours. The market structure is heavily skewed to the downside as the price remains positioned well below both the 20 and 50 EMAs, confirming a strong bearish trend on the 4H timeframe.
📊 Technical Indicators:
• EMA 20: 0.0090
• EMA 50: 0.0114
• RSI 14: 33.12
• MACD: -0.0010
• 24H Change: -21.11%
🔻 Key Support: 0.0067
🔺 Key Resistance: 0.018
The current technical setup favors the bearish side as downside pressure remains visible. With the RSI at 33.12, momentum is notably weak, though not yet in an oversold condition. The MACD staying below its signal line further reinforces the negative sentiment. A sustained hold below the 0.0090 level keeps the bears in control, while a move toward the 0.0067 support remains a possibility if selling persists.
⚠️ Technical analysis only. Not financial advice.
#SCRT #SecretNetwork #Crypto #TechnicalAnalysis #Binance
Bias: Bearish 📉
$SCRT is currently facing significant downward pressure, reflected in a sharp 21% decline over the past 24 hours. The market structure is heavily skewed to the downside as the price remains positioned well below both the 20 and 50 EMAs, confirming a strong bearish trend on the 4H timeframe.
📊 Technical Indicators:
• EMA 20: 0.0090
• EMA 50: 0.0114
• RSI 14: 33.12
• MACD: -0.0010
• 24H Change: -21.11%
🔻 Key Support: 0.0067
🔺 Key Resistance: 0.018
The current technical setup favors the bearish side as downside pressure remains visible. With the RSI at 33.12, momentum is notably weak, though not yet in an oversold condition. The MACD staying below its signal line further reinforces the negative sentiment. A sustained hold below the 0.0090 level keeps the bears in control, while a move toward the 0.0067 support remains a possibility if selling persists.
⚠️ Technical analysis only. Not financial advice.
#SCRT #SecretNetwork #Crypto #TechnicalAnalysis #Binance
