📉 $SCRT Technical Analysis | 4H
Bias: Bearish 📉
$SCRT is currently exhibiting strong bearish momentum on the 4-hour chart. The price is trading significantly below both the 20 and 50-period EMAs, while the MACD remains below its signal line with a negative histogram, confirming the current downward trend.
📊 Technical Indicators:
• EMA20: 0.0090
• EMA50: 0.0115
• RSI14: 33.12
• MACD: -0.0010
• 24H Change: -21.11%
🔻 Key Support: 0.0067
🔺 Key Resistance: 0.018
The sharp 21% decline over the last 24 hours highlights intense selling pressure. With the RSI at 33.12, momentum is weak but not yet in the oversold zone, suggesting that downside pressure remains visible. The current structure favors the bearish side, and a recovery above the resistance level would be required to weaken this setup. Further confirmation of stability near support is needed.
⚠️ Technical analysis only. Not financial advice.
#SCRT #SecretNetwork #Crypto #TechnicalAnalysis #Binance
Bias: Bearish 📉
$SCRT is currently exhibiting strong bearish momentum on the 4-hour chart. The price is trading significantly below both the 20 and 50-period EMAs, while the MACD remains below its signal line with a negative histogram, confirming the current downward trend.
📊 Technical Indicators:
• EMA20: 0.0090
• EMA50: 0.0115
• RSI14: 33.12
• MACD: -0.0010
• 24H Change: -21.11%
🔻 Key Support: 0.0067
🔺 Key Resistance: 0.018
The sharp 21% decline over the last 24 hours highlights intense selling pressure. With the RSI at 33.12, momentum is weak but not yet in the oversold zone, suggesting that downside pressure remains visible. The current structure favors the bearish side, and a recovery above the resistance level would be required to weaken this setup. Further confirmation of stability near support is needed.
⚠️ Technical analysis only. Not financial advice.
#SCRT #SecretNetwork #Crypto #TechnicalAnalysis #Binance