Technical Analysis: $SCR

/USDT on Binance

Current Price: $1.179

24h High: $1.940

24h Low: $0.280

The SCR/USDT pair is displaying significant volatility, with a price surge of +194.75% in the last 24 hours. Here’s a technical analysis focusing on three potential targets for traders.

Target Analysis 🎯

1. Target 1: $1.940

The recent 24-hour high presents a strong resistance level. If the price breaks above this mark with sustained momentum, it could signal a bullish trend continuation, attracting more buyers.

2. Target 2: $1.500

A potential mid-range target, this level could act as a point of consolidation before any further upward movement. Watch for volume support here; a bounce from this level may indicate a healthy retracement.

3. Target 3: $0.800

Should the market face downward pressure, the $0.800 mark could serve as a crucial support level. This is significantly above the 24h low of $0.280 and may present a buying opportunity if a reversal pattern forms.

Conclusion

With the current bullish momentum and significant volume in SCR trading, keep an eye on these targets for potential trading opportunities. Always practice risk management and analyze market conditions before making trades.

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