Currently,#SCRTis showing positive signs both in terms of price and technical patterns:
1. Current Price and Short-Term Trend: SCRT is hovering around $0.36, with a strong increase in the past 24 hours (around 93%) and in the past week (over 113%). This increase comes from a breakout of the “Falling Wedge” pattern, which usually signals a strong bullish trend.
2. Technical Pattern: SCRT is trading in an ascending channel on the 12-hour chart, with support around $0.35. The price also broke above the 100-day moving average, a positive signal in the long term.
3. Potential for further upside: According to analysts, SCRT has the potential to increase by 110% from the current price if this trend continues.
4. Trading Volume: SCRT trading volume is increasing strongly, reflecting strong interest from investors.
Risks and Recommendations:
• Although the current trend is quite positive, the crypto market is very volatile. If you want to invest in SCRT, you should pay attention to key support areas such as $0.35 and use stop loss orders to minimize risks.
• Keep an eye on signals from larger time frames to determine the sustainability of the bullish trend.