📉 $SCRT Technical Analysis | 4H
Bias: Bearish 📉
$SCRT is experiencing significant downward pressure, dropping over 21% in the last 24 hours. The current price structure is firmly bearish as the asset continues to trade well below both its 20 and 50-period Exponential Moving Averages 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 bearish setup is reinforced by a negative MACD histogram and an RSI that indicates weak momentum. While the price is approaching the key support level at 0.0067, downside pressure remains visible. Further confirmation is needed to determine if the support will hold, as a recovery above the EMA levels would be required to weaken the current bearish structure.
⚠️ Technical analysis only. Not financial advice.
#SCRT #SecretNetwork #Crypto #TechnicalAnalysis #Binance
Bias: Bearish 📉
$SCRT is experiencing significant downward pressure, dropping over 21% in the last 24 hours. The current price structure is firmly bearish as the asset continues to trade well below both its 20 and 50-period Exponential Moving Averages 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 bearish setup is reinforced by a negative MACD histogram and an RSI that indicates weak momentum. While the price is approaching the key support level at 0.0067, downside pressure remains visible. Further confirmation is needed to determine if the support will hold, as a recovery above the EMA levels would be required to weaken the current bearish structure.
⚠️ Technical analysis only. Not financial advice.
#SCRT #SecretNetwork #Crypto #TechnicalAnalysis #Binance
