SCRT SLIDES THROUGH KEY SUPPORT, BULLS ON THE BACKFOOT 📉
The $SCRT price plunged to $0.00710, carving a 22.8% loss in 24 hours and decisively breaking the $0.006733 support zone that held since last week. The breach turned the former demand block into a fresh supply area, triggering aggressive selling from macro‑level order flow and wiping out the short‑term accumulation that had underpinned the rally from the $0.018 high 📉. Volume remains thin at $1.5 M, confirming that liquidity is evaporating and momentum acceleration has flipped to the downside.
With the $0.006733 floor compromised, the next credible support lies near $0.00600, a region previously tested during the March pullback. Failure to hold there would expose $SCRT to a steeper descent toward the $0.0055 psychological barrier, while any bounce above the $0.01235 mid‑range pivot could resurrect the $0.01791 resistance as a reversal ceiling ⚠️. Traders should watch for a clean retest of the $0.00600 level before entertaining long entries, as the current profile suggests a structural correction rather than a healthy pullback 🔻
DYOR
Follow for Updates
#SCRT #GENERAL_ALTCOIN #CryptoTrending #BinanceSquare
The $SCRT price plunged to $0.00710, carving a 22.8% loss in 24 hours and decisively breaking the $0.006733 support zone that held since last week. The breach turned the former demand block into a fresh supply area, triggering aggressive selling from macro‑level order flow and wiping out the short‑term accumulation that had underpinned the rally from the $0.018 high 📉. Volume remains thin at $1.5 M, confirming that liquidity is evaporating and momentum acceleration has flipped to the downside.
With the $0.006733 floor compromised, the next credible support lies near $0.00600, a region previously tested during the March pullback. Failure to hold there would expose $SCRT to a steeper descent toward the $0.0055 psychological barrier, while any bounce above the $0.01235 mid‑range pivot could resurrect the $0.01791 resistance as a reversal ceiling ⚠️. Traders should watch for a clean retest of the $0.00600 level before entertaining long entries, as the current profile suggests a structural correction rather than a healthy pullback 🔻
DYOR
Follow for Updates
#SCRT #GENERAL_ALTCOIN #CryptoTrending #BinanceSquare