📉 $SCRT Technical Analysis | 4H
Bias: Bearish 📉
$SCRT is currently facing significant downward pressure, recording a sharp decline of over 21% in the last 24 hours. The price remains positioned well below both the 20 and 50 EMAs, confirming a dominant bearish trend on the 4H timeframe.
📊 Technical Indicators:
• EMA20: 0.0090
• EMA50: 0.0114
• RSI14: 33.12
• MACD: -0.0010
• 24H Change: -21.11%
🔻 Key Support: 0.0067
🔺 Key Resistance: 0.018
The technical structure remains bearish as the MACD persists below its signal line with a negative histogram. While the RSI indicates weak momentum as it approaches the oversold threshold, downside pressure remains visible. A recovery above the EMA levels would be required to weaken the current bearish setup, but for now, the path of least resistance appears to be toward the 0.0067 support.
⚠️ Technical analysis only. Not financial advice.
#SCRT #SecretNetwork #Crypto #TechnicalAnalysis #Binance
Bias: Bearish 📉
$SCRT is currently facing significant downward pressure, recording a sharp decline of over 21% in the last 24 hours. The price remains positioned well below both the 20 and 50 EMAs, confirming a dominant bearish trend on the 4H timeframe.
📊 Technical Indicators:
• EMA20: 0.0090
• EMA50: 0.0114
• RSI14: 33.12
• MACD: -0.0010
• 24H Change: -21.11%
🔻 Key Support: 0.0067
🔺 Key Resistance: 0.018
The technical structure remains bearish as the MACD persists below its signal line with a negative histogram. While the RSI indicates weak momentum as it approaches the oversold threshold, downside pressure remains visible. A recovery above the EMA levels would be required to weaken the current bearish setup, but for now, the path of least resistance appears to be toward the 0.0067 support.
⚠️ Technical analysis only. Not financial advice.
#SCRT #SecretNetwork #Crypto #TechnicalAnalysis #Binance
