📉 $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. Price action remains well below both the 20 and 50 EMAs, signaling a sustained downward 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
Momentum remains weak as indicated by the negative MACD histogram and an RSI currently sitting in bearish territory. While the price is nearing immediate support at 0.0067, the current technical setup favors the bearish side. Further confirmation is needed to see if buyers can defend the support, as a recovery above the EMA levels would be required to weaken the current bearish outlook.
⚠️ Technical analysis only. Not financial advice.
#SCRT #Crypto #TechnicalAnalysis #Binance #Altcoins
Bias: Bearish 📉
The market structure for $SCRT currently shows significant downside pressure following a sharp 21% decline over the last 24 hours. Price action remains well below both the 20 and 50 EMAs, signaling a sustained downward 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
Momentum remains weak as indicated by the negative MACD histogram and an RSI currently sitting in bearish territory. While the price is nearing immediate support at 0.0067, the current technical setup favors the bearish side. Further confirmation is needed to see if buyers can defend the support, as a recovery above the EMA levels would be required to weaken the current bearish outlook.
⚠️ Technical analysis only. Not financial advice.
#SCRT #Crypto #TechnicalAnalysis #Binance #Altcoins
