Professional Analysis:

$SCRT /USDT

Current Price and Recent Performance

Current Price:

$0.425 (as of November 22, 2024)

24-Hour Change:

Up 38.19%, reflecting strong bullish momentum.

30-Day Growth:

The pair has risen by 107.22%, indicating significant investor interest and recovery.

Key Technical Insights

Support Level:

$0.35, with recent bounces validating this level.

Resistance Level:

Projected near $0.50 as the next critical test for upward momentum.

Pattern:

$SCRT recently broke out of a falling wedge pattern, a classic bullish signal, with analysts expecting a potential 110% gain from breakout levels.

Market Capitalization and Supply

Market Cap: $126.6 million, ranking SCRT at #372 among cryptocurrencies.

Circulating Supply: 293.87 million tokens.

Outlook and Strategy

Short-Term Prediction:

Analysts suggest a minor pullback in the coming days but maintain bullish projections.

Long-Term Projection:

By the end of 2024, $SCRT could approach $0.775, assuming market stability.

Professional Advice for Traders

1. Risk Management:

Watch for corrections after rapid gains; adjust stop-loss levels near $0.35 support.

2. Strategic Entry:

Use pullbacks to accumulate, especially if prices retest lower support levels.

3. Leverage Trading Opportunities:

Exploit the bullish sentiment for swing trades targeting the $0.50 and $0.775 zones.

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