$SCRT / USDT On the Move! Quick Gains Ahead!š
Current Price: $0.531224H Change: -4.87%
Technical Analysis (4H Chart)
The $SCRT / USDT pair has seen a decline after testing resistance near the $0.56 level. The price is now hovering around $0.5312, showing bearish momentum with a series of lower highs and lower lows on the 4-hour timeframe.
Key Levels to Watch
1ļøā£ Support Zone: Immediate support lies at $0.5300. A break below this level could open the doors to further downside towards $0.50.
2ļøā£ Resistance Zone: The resistance to break is at $0.56-$0.57. Bulls need to reclaim this area to regain control.
Market Sentiment
Bearish Indicators: The consistent rejections at higher levels and the decline in price suggest selling pressure is dominant.Volume Insight: The 24-hour volume shows 16.38M SCRT traded, indicating moderate activity. However, a shift in volume direction could determine the next move.
Performance Highlights
7-Day Change: +7.18%90-Day Change: +166.63%Despite the recent pullback, SCRT has shown significant growth over the last three months, highlighting long-term bullish potential.
š” Trading Tips
For Bulls: Look for a bounce from $0.5300 or a breakout above $0.56 with strong volume confirmation.For Bears: Watch for a break below $0.5300, which could accelerate the downtrend towards $0.50.
š The Secret Network (SCRT) remains a promising Layer 1 project. As it navigates short-term corrections, traders should monitor key levels and trade wisely.
