[The launch of Binance Futures has pushed up the prices of SLERF and SCRT, triggering market frenzy]
After Binance announced that it would list SLERF and SCRT on Binance Futures on November 21 and open trading with 75x leverage, the prices of these two tokens increased significantly, attracting the attention of investors.
SCRT price surged 30% in 24 hours, reaching a high of $0.41 before falling back to $0.34, showing signs of recovery. The market's bullish momentum briefly weakened after the currency pulled back after rising 90%.
Currently, SCRT is holding steady above the key support at $0.30, and if it can break above the $0.37 resistance and turn it into support, the price could rise further. Conversely, a break below the $0.30 support could trigger a fresh correction and weaken the recovery momentum.
SLERF price jumped 47% in the 24 hours following the announcement and is currently trading at $0.429, making it one of the best-performing cryptocurrencies on the market right now.
If SLERF manages to convert $0.422 into support and breaks above the $0.480 resistance, the price may rise further towards $0.500, attracting more investors. However, if the $0.422 support fails to hold, the price could fall back to $0.272, erasing recent gains and invalidating bullish expectations.
The strong performance of SCRT and SLERF was mainly affected by the Binance listing and leveraged trading news. Future trends will depend on whether it can break through key resistance and hold on to support. Investors need to pay attention to market sentiment and price changes to determine subsequent trends.