$SCRT /USDT has shown a solid 19.22% increase in the last 24 hours, indicating bullish momentum in the market. Let’s dive into the key technical levels and market insights for $SCRT
/USDT.
📉 Current Price: $0.459
📈 24h High: $0.4671 | 24h Low: $0.3809
💥 24h Volume:
SCRT: 23.89M
USDT: 10.20M
Key Support and Resistance Levels:
Resistance:
$0.4740 – This level could act as a strong resistance zone if the price continues its upward movement.
$0.4671 – Short-term resistance. A breakout above this could signal further upside potential.
Support:
$0.4590 – The current price level, showing solid support for continued price action. Watch for any pullbacks to this level.
$0.4240 – A crucial support level. If the price dips below this, we could see further downside movement.
$0.3741 – Another key support zone to monitor in case of a deeper pullback.
Market Structure:
SCRT/USDT has been in an uptrend, and the recent price action suggests that the pair could potentially retest the higher resistance levels around $0.4671 and $0.4740. A confirmed breakout above $0.4671 could trigger a continuation toward $0.4740 or higher.
If price retraces, key support zones at $0.4590 and $0.4240 could offer buying opportunities for those looking to enter at a lower price.
$0.3809 serves as a low point and an important level to watch for any potential reversal.
Volume Analysis:
With a daily trading volume of 23.89M SCRT and 10.20M USDT, there is healthy market activity supporting this price move. A surge in volume during price breakouts or retracements would confirm the trend's strength.
Conclusion:
SCRT/USDT is currently in a strong uptrend with bullish momentum. Traders should look for a potential breakout above $0.4671 to confirm continued upside, while $0.4590 and $0.4240 are key support levels to monitor for potential entries or price reversals.
Stay tuned for further updates and adjust your trading strategy accordingly.
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