Current Price: $0.5876 (+74.99%)
Exchange: Binance
Technical Overview:
24h High/Low: $0.6099 / $0.3300
24h Volume: 198.71M SCRT (~$95.58M USDT)
Support Levels: $0.5742 (SAR) / $0.3300
Resistance Levels: $0.6099 / $0.6500
Indicators:
Parabolic SAR: Bullish above $0.5742
RSI: Near overbought territory, indicating strong upward momentum.
MACD: Bullish crossover, signaling potential for continued gains.
Bollinger Bands: Expansion suggests heightened volatility, with potential for breakout or retracement.
๐ฏ Targets:
1. Target 1: $0.6000 โ Short-term resistance. Breaking this level could confirm bullish momentum.
2. Target 2: $0.6500 โ Mid-term resistance. A rally past this point may attract further buying interest.
3. Target 3: $0.7000 โ Long-term target. Achieving this level could signal significant investor confidence in SCRT.
Community Insight:
Secret Network (SCRT) leverages privacy-preserving smart contracts on a Layer 1 blockchain, offering unique utility in decentralized finance (DeFi) and beyond. The current surge reflects growing interest in privacy-focused blockchain solutions.
Strategy:
Bullish Scenario: Look for entries above $0.6000 with targets at $0.6500 and $0.7000.
Bearish Scenario: If the price retraces below $0.5742, monitor for potential support near $0.5500 or $0.5000.
Risk Management:
Always set stop-loss orders and manage risk effectively, as crypto markets remain volatile.
#Binance #SCRT/USDT #TechnicalAnalysis #COSSocialFiRevolution 
