SCRT PLUNGES INTO DEEP SELL-OFF 📉⚠️
$SCRT shattered the 4‑hour order block around $0.0125, triggering a cascade of sell orders that pushed the price 22.8% lower in 24 hours. Volume spiked to $1.5 M, outpacing the average daily flow and indicating aggressive liquidation from leveraged positions. Momentum indicators have flipped: RSI is hovering in the high‑10s and the MACD histogram deepens negative, confirming accelerating downside pressure. 📉
The current price sits just above the $0.006733 support zone, a level that previously anchored a narrow consolidation range. A break below this floor would expose $0.0065 and, if breached, could open the path to $0.0060, redefining the market structure as a bearish channel rather than a healthy retracement. The proximity to the day‑low of $0.0067 suggests the support is under intense stress, and order‑flow data shows increasing sell‑side aggression at each bounce. ⚠️
If $SCRT can staunch the decline and rebound above $0.0075, the mid‑range $0.01235 may act as a short‑term target, offering a potential pivot back toward the $0.0179 resistance zone. Absent that, the downside narrative remains dominant. 📊
DYOR
Follow for Updates
#SCRT #GENERAL_ALTCOIN #CryptoTrending #BinanceSquare
$SCRT shattered the 4‑hour order block around $0.0125, triggering a cascade of sell orders that pushed the price 22.8% lower in 24 hours. Volume spiked to $1.5 M, outpacing the average daily flow and indicating aggressive liquidation from leveraged positions. Momentum indicators have flipped: RSI is hovering in the high‑10s and the MACD histogram deepens negative, confirming accelerating downside pressure. 📉
The current price sits just above the $0.006733 support zone, a level that previously anchored a narrow consolidation range. A break below this floor would expose $0.0065 and, if breached, could open the path to $0.0060, redefining the market structure as a bearish channel rather than a healthy retracement. The proximity to the day‑low of $0.0067 suggests the support is under intense stress, and order‑flow data shows increasing sell‑side aggression at each bounce. ⚠️
If $SCRT can staunch the decline and rebound above $0.0075, the mid‑range $0.01235 may act as a short‑term target, offering a potential pivot back toward the $0.0179 resistance zone. Absent that, the downside narrative remains dominant. 📊
DYOR
Follow for Updates
#SCRT #GENERAL_ALTCOIN #CryptoTrending #BinanceSquare