📉 $SCRT Technical Analysis | 4H
Bias: Bearish 📉
$SCRT is currently experiencing significant downward pressure, evidenced by a sharp -21.11% decline over the last 24 hours. The price action is trending well below both the 20 and 50 EMAs, confirming a sustained bearish trend 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 current market structure favors the bearish side as momentum remains weak, with the RSI staying below the 50 level. Additionally, the MACD is positioned below its signal line with a negative histogram, indicating that downside pressure remains visible. Further confirmation of a trend shift would require a sustained recovery above the EMAs, but for now, the technical bias remains negative.
⚠️ Technical analysis only. Not financial advice.
#SCRT #SecretNetwork #Crypto #TechnicalAnalysis #Binance
Bias: Bearish 📉
$SCRT is currently experiencing significant downward pressure, evidenced by a sharp -21.11% decline over the last 24 hours. The price action is trending well below both the 20 and 50 EMAs, confirming a sustained bearish trend 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 current market structure favors the bearish side as momentum remains weak, with the RSI staying below the 50 level. Additionally, the MACD is positioned below its signal line with a negative histogram, indicating that downside pressure remains visible. Further confirmation of a trend shift would require a sustained recovery above the EMAs, but for now, the technical bias remains negative.
⚠️ Technical analysis only. Not financial advice.
#SCRT #SecretNetwork #Crypto #TechnicalAnalysis #Binance
