📉 $SCRT Technical Analysis | 4H
Bias: Bearish 📉
$SCRT is currently facing significant selling pressure, having dropped over 21% in the last 24 hours. The price is trading well below both the EMA 20 and EMA 50, confirming a strong downward trend 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
The current structure favors the bearish side as the MACD remains below its signal line with a negative histogram. Momentum is currently weak, as reflected by an RSI of 33.11. While the asset is approaching the oversold threshold, downside pressure remains visible. Further confirmation of a base near the 0.0067 support level is needed, as a recovery above the immediate EMAs would be required to weaken the current bearish setup.
⚠️ Technical analysis only. Not financial advice.
#SCRT #SecretNetwork #Crypto #TechnicalAnalysis #Binance
Bias: Bearish 📉
$SCRT is currently facing significant selling pressure, having dropped over 21% in the last 24 hours. The price is trading well below both the EMA 20 and EMA 50, confirming a strong downward trend 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
The current structure favors the bearish side as the MACD remains below its signal line with a negative histogram. Momentum is currently weak, as reflected by an RSI of 33.11. While the asset is approaching the oversold threshold, downside pressure remains visible. Further confirmation of a base near the 0.0067 support level is needed, as a recovery above the immediate EMAs would be required to weaken the current bearish setup.
⚠️ Technical analysis only. Not financial advice.
#SCRT #SecretNetwork #Crypto #TechnicalAnalysis #Binance
