📉 $SCRT Technical Analysis | 4H
Bias: Bearish 📉
$SCRT is showing significant downward momentum following a sharp 21% price decline over the last 24 hours. The asset is currently trading well below both its 20-period and 50-period EMAs, confirming that the bearish trend is firmly in control on the 4H timeframe.
📊 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
Momentum remains weak as the RSI sits in bearish territory, though it is approaching oversold levels which may invite some consolidation. The MACD continues to trade below its signal line with a negative histogram, suggesting that downside pressure remains visible. The current structure favors the bearish side, and a hold of the 0.0067 support level is critical to prevent further breakdown.
⚠️ Technical analysis only. Not financial advice.
#SCRT #Crypto #TechnicalAnalysis #Binance #Altcoins
Bias: Bearish 📉
$SCRT is showing significant downward momentum following a sharp 21% price decline over the last 24 hours. The asset is currently trading well below both its 20-period and 50-period EMAs, confirming that the bearish trend is firmly in control on the 4H timeframe.
📊 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
Momentum remains weak as the RSI sits in bearish territory, though it is approaching oversold levels which may invite some consolidation. The MACD continues to trade below its signal line with a negative histogram, suggesting that downside pressure remains visible. The current structure favors the bearish side, and a hold of the 0.0067 support level is critical to prevent further breakdown.
⚠️ Technical analysis only. Not financial advice.
#SCRT #Crypto #TechnicalAnalysis #Binance #Altcoins
