📉 $SCRT Technical Analysis | 4H
Bias: Bearish 📉
$SCRT is under heavy selling pressure, currently trading down over 21% within the last 24 hours. The market structure is firmly bearish as the price remains positioned well below both the 20 and 50 Exponential Moving Averages (EMA), indicating sustained downward momentum on the 4H timeframe.
📊 Technical Indicators:
• EMA20: 0.0090
• EMA50: 0.0115
• RSI14: 33.12 (Weak momentum)
• MACD: -0.0010 (Below signal line)
• 24H Change: -21.11%
🔻 Key Support: 0.0067
🔺 Key Resistance: 0.018
The current technical setup favors the bearish side as the MACD remains negative and the histogram shows no immediate signs of a trend reversal. While the RSI is approaching the oversold threshold, downside pressure remains visible. Further confirmation of a floor is needed, and a recovery above the EMAs would be required to weaken the current bearish outlook.
⚠️ Technical analysis only. Not financial advice.
#SCRT #SecretNetwork #Crypto #TechnicalAnalysis #Binance
Bias: Bearish 📉
$SCRT is under heavy selling pressure, currently trading down over 21% within the last 24 hours. The market structure is firmly bearish as the price remains positioned well below both the 20 and 50 Exponential Moving Averages (EMA), indicating sustained downward momentum on the 4H timeframe.
📊 Technical Indicators:
• EMA20: 0.0090
• EMA50: 0.0115
• RSI14: 33.12 (Weak momentum)
• MACD: -0.0010 (Below signal line)
• 24H Change: -21.11%
🔻 Key Support: 0.0067
🔺 Key Resistance: 0.018
The current technical setup favors the bearish side as the MACD remains negative and the histogram shows no immediate signs of a trend reversal. While the RSI is approaching the oversold threshold, downside pressure remains visible. Further confirmation of a floor is needed, and a recovery above the EMAs would be required to weaken the current bearish outlook.
⚠️ Technical analysis only. Not financial advice.
#SCRT #SecretNetwork #Crypto #TechnicalAnalysis #Binance
