📉 $SCRT Technical Analysis | 4H
Bias: Bearish 📉
The market structure for $SCRT currently shows significant downside pressure following a sharp 21% decline over the last 24 hours. The price is trading well below both the 20 and 50 EMAs, confirming a dominant bearish 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
Momentum remains weak as the RSI stays below the 50 midline, and the MACD continues to trade under its signal line with a negative histogram. While the price is approaching the 0.0067 support level, the current technical structure favors the bearish side. A sustained recovery above the immediate EMA levels would be required to weaken this setup.
⚠️ Technical analysis only. Not financial advice.
#SCRT #SecretNetwork #Crypto #TechnicalAnalysis #Binance
Bias: Bearish 📉
The market structure for $SCRT currently shows significant downside pressure following a sharp 21% decline over the last 24 hours. The price is trading well below both the 20 and 50 EMAs, confirming a dominant bearish 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
Momentum remains weak as the RSI stays below the 50 midline, and the MACD continues to trade under its signal line with a negative histogram. While the price is approaching the 0.0067 support level, the current technical structure favors the bearish side. A sustained recovery above the immediate EMA levels would be required to weaken this setup.
⚠️ Technical analysis only. Not financial advice.
#SCRT #SecretNetwork #Crypto #TechnicalAnalysis #Binance
