📉 $SCRT Technical Analysis | 4H
Bias: Bearish 📉
$SCRT is currently experiencing significant selling pressure, with the price trading well below both the 20 and 50 EMAs. The sharp -21.11% decline over the past 24 hours confirms a dominant bearish trend as the asset struggles to find a stable floor.
📊 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
The current structure favors the bearish side, supported by a negative MACD histogram and price action remaining pinned under key moving averages. Momentum is currently weak, as reflected by the RSI sitting at 33.11. While the price is approaching the 0.0067 support level, further confirmation is needed to see if buyers will step in or if downside pressure will continue to prevail.
⚠️ Technical analysis only. Not financial advice.
#SCRT #Crypto #TechnicalAnalysis #Binance #Altcoins
Bias: Bearish 📉
$SCRT is currently experiencing significant selling pressure, with the price trading well below both the 20 and 50 EMAs. The sharp -21.11% decline over the past 24 hours confirms a dominant bearish trend as the asset struggles to find a stable floor.
📊 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
The current structure favors the bearish side, supported by a negative MACD histogram and price action remaining pinned under key moving averages. Momentum is currently weak, as reflected by the RSI sitting at 33.11. While the price is approaching the 0.0067 support level, further confirmation is needed to see if buyers will step in or if downside pressure will continue to prevail.
⚠️ Technical analysis only. Not financial advice.
#SCRT #Crypto #TechnicalAnalysis #Binance #Altcoins
