๐ $SCRT Technical Analysis | 4H
Bias: Bearish ๐
$SCRT is currently facing significant downward pressure, as evidenced by a sharp -21.11% price decline over the last 24 hours. The asset is trading well below both the EMA 20 and EMA 50, confirming that the short-to-medium-term trend is firmly in favor of the bears.
๐ Technical Indicators:
โข EMA 20: 0.0090
โข EMA 50: 0.0115
โข RSI 14: 33.12
โข MACD: -0.0010
โข 24H Change: -21.11%
๐ป Key Support: 0.0067
๐บ Key Resistance: 0.018
The current technical structure remains weak, with the MACD staying below its signal line and the histogram remaining negative. While the RSI indicates bearish momentum is dominant, it is approaching the oversold threshold. Downside pressure remains visible, and the price is currently testing the critical support level at 0.0067. Further confirmation of a trend shift would require a recovery above the immediate EMA resistance.
โ ๏ธ Technical analysis only. Not financial advice.
#SCRT #Crypto #TechnicalAnalysis #Binance #SecretNetwork
Bias: Bearish ๐
$SCRT is currently facing significant downward pressure, as evidenced by a sharp -21.11% price decline over the last 24 hours. The asset is trading well below both the EMA 20 and EMA 50, confirming that the short-to-medium-term trend is firmly in favor of the bears.
๐ Technical Indicators:
โข EMA 20: 0.0090
โข EMA 50: 0.0115
โข RSI 14: 33.12
โข MACD: -0.0010
โข 24H Change: -21.11%
๐ป Key Support: 0.0067
๐บ Key Resistance: 0.018
The current technical structure remains weak, with the MACD staying below its signal line and the histogram remaining negative. While the RSI indicates bearish momentum is dominant, it is approaching the oversold threshold. Downside pressure remains visible, and the price is currently testing the critical support level at 0.0067. Further confirmation of a trend shift would require a recovery above the immediate EMA resistance.
โ ๏ธ Technical analysis only. Not financial advice.
#SCRT #Crypto #TechnicalAnalysis #Binance #SecretNetwork
