📉 $SCRT Technical Analysis | 4H
Bias: Bearish 📉
$SCRT is currently facing significant downward pressure, having declined over 21% in the last 24 hours. The price is trading well below both the 20 and 50 EMAs, confirming a sustained bearish trend in the short term.
📊 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 technical structure favors the bearish side as momentum remains weak, with the RSI staying below the 50 midpoint. Downside pressure remains visible as the MACD stays below its signal line with a negative histogram. While the asset is approaching the oversold threshold, further confirmation of a floor is needed near the 0.0067 support level. A recovery above immediate resistance would be required to weaken this bearish setup.
⚠️ Technical analysis only. Not financial advice.
#SCRT #SecretNetwork #Crypto #TechnicalAnalysis #Binance
Bias: Bearish 📉
$SCRT is currently facing significant downward pressure, having declined over 21% in the last 24 hours. The price is trading well below both the 20 and 50 EMAs, confirming a sustained bearish trend in the short term.
📊 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 technical structure favors the bearish side as momentum remains weak, with the RSI staying below the 50 midpoint. Downside pressure remains visible as the MACD stays below its signal line with a negative histogram. While the asset is approaching the oversold threshold, further confirmation of a floor is needed near the 0.0067 support level. A recovery above immediate resistance would be required to weaken this bearish setup.
⚠️ Technical analysis only. Not financial advice.
#SCRT #SecretNetwork #Crypto #TechnicalAnalysis #Binance
