š $SCR /USDT Market Update š
$SCR is experiencing dynamic market activity, currently trading at 1.147 USDT, reflecting a slight correction with a -5.67% change in the past 24 hours. The price earlier spiked to a high of 1.249 USDT before retracing, indicating some profit-taking or resistance in the market. With a 24-hour low of 1.012, the volatility highlights an active session that traders should monitor closely.
The short-term moving averages reflect a mixed sentiment, with MA(7) at 1.149 and MA(25) at 1.128, indicating the need for traders to watch closely for potential breakouts or further corrections. Volume activity stands strong with 27.21 million $SCR traded and 30.89 million USDT in the past 24 hours, hinting at significant interest and liquidity around the token.
A critical zone to watch is the psychological barrier of 1.20 USDT. If bulls regain control, a retest of the recent highs is possible, with 1.249 acting as the first major resistance. However, if the correction deepens, the 1.012 mark will serve as a key support level to prevent further declines.
SCR is showing signs of potential reversal, but traders are advised to stay alert and follow the volume trend for the next breakout.