📉 $SCRT Technical Analysis | 4H
Bias: Bearish 📉
The market structure for $SCRT currently favors the bearish side following a sharp 21.11% decline over the last 24 hours. Price action is consistently trading below both the EMA20 and EMA50, confirming a strong downward trend on the 4-hour 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
Downside pressure remains visible as the MACD stays below its signal line with a negative histogram. With the RSI currently at 33.11, momentum is characterized as weak rather than oversold. While the asset is approaching the 0.0067 support level, further confirmation is needed to determine if the trend will stabilize. A recovery above the EMAs would be necessary to weaken the current bearish setup.
⚠️ Technical analysis only. Not financial advice.
#SCRT #Crypto #TechnicalAnalysis #Binance #Altcoins
Bias: Bearish 📉
The market structure for $SCRT currently favors the bearish side following a sharp 21.11% decline over the last 24 hours. Price action is consistently trading below both the EMA20 and EMA50, confirming a strong downward trend on the 4-hour 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
Downside pressure remains visible as the MACD stays below its signal line with a negative histogram. With the RSI currently at 33.11, momentum is characterized as weak rather than oversold. While the asset is approaching the 0.0067 support level, further confirmation is needed to determine if the trend will stabilize. A recovery above the EMAs would be necessary to weaken the current bearish setup.
⚠️ Technical analysis only. Not financial advice.
#SCRT #Crypto #TechnicalAnalysis #Binance #Altcoins
