📉 $SCRT Technical Analysis | 4H
Bias: Bearish 📉
$SCRT is currently experiencing significant selling pressure, with the price dropping over 21% in the last 24 hours. The market structure remains dominated by bears as the price trades well below its primary moving averages, indicating a strong downward trend.
📊 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 technical setup favors the bearish side. The EMA20 is positioned below the EMA50, confirming the negative trend. Momentum is currently weak, as reflected by an RSI of 33.11, which sits just above the oversold threshold. Furthermore, the MACD remains below its signal line with a negative histogram, suggesting that downside pressure remains visible. Further confirmation of a trend shift would be needed through a recovery above the 0.018 resistance level.
⚠️ Technical analysis only. Not financial advice.
#SCRT #SecretNetwork #Crypto #TechnicalAnalysis #Altcoins
Bias: Bearish 📉
$SCRT is currently experiencing significant selling pressure, with the price dropping over 21% in the last 24 hours. The market structure remains dominated by bears as the price trades well below its primary moving averages, indicating a strong downward trend.
📊 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 technical setup favors the bearish side. The EMA20 is positioned below the EMA50, confirming the negative trend. Momentum is currently weak, as reflected by an RSI of 33.11, which sits just above the oversold threshold. Furthermore, the MACD remains below its signal line with a negative histogram, suggesting that downside pressure remains visible. Further confirmation of a trend shift would be needed through a recovery above the 0.018 resistance level.
⚠️ Technical analysis only. Not financial advice.
#SCRT #SecretNetwork #Crypto #TechnicalAnalysis #Altcoins
