$SCR šÆ SCR/USDT Technical Analysis: Momentum and Targets to Watch š
Current Price: $1.379 (+19.39%)
Market Overview: SCR/USDT has been on an impressive run, with a 24h High of $1.394 and a Low of $1.152. The pair is showing strong bullish momentum, supported by significant trading volumeā49.07M SCR and 62.96M USDT over the past 24 hours.
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Key Levels & Targets
1ļøā£ Short-Term Target: $1.412
This immediate resistance level aligns with the upper bound of the current trading depth.
SAR (1.164) indicates that the price is above key support, confirming bullish sentiment.
2ļøā£ Mid-Term Target: $1.500
This psychological resistance is a critical milestone for SCR.
Breakout above $1.412 with sustained volume could push the price to this level. EMA and BOLL suggest further upward movement is possible if buying pressure persists.
3ļøā£ Long-Term Target: $1.650
If SCR/USDT maintains its trajectory, this represents a potential 20%+ gain from the current price.
Bollinger Bands tightening and a potential upward MACD cross could confirm this target.
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Technical Indicators
ā”ļøSAR (Stop and Reverse):
Bullish at 1.164, suggesting strong support.
ā”ļøBollinger Bands (BOLL):
Current price is likely near the upper band, signaling strength but watch for overbought conditions.
ā”ļøMACD (Moving Average Convergence Divergence):
MACD is indicating a potential bullish continuation; wait for confirmation of an upward crossover.
šTrading Strategy
ā¤“ļøBullish Scenario:
If SCR breaks $1.412, consider entering a long position targeting $1.500, with a stop-loss at $1.255 (key support).
āļøBearish Scenario:
If SCR fails to hold above $1.255, expect a pullback toward the SAR support at $1.164.
šMarket Insights
SCR/USDT is classified as a Layer 1 gainer, reflecting solid interest in the project. With strong 24h volume and momentum, SCR is poised for a potential breakout.
Trade smart, and always DYOR!
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