SC/USDT Rally Continues, Testing Key Resistance at $0.005300
$SC

SC/USDT is currently trading at $0.005075, up by +6.60%. The price has broken above the 200-period moving average, which stands at $0.004363, confirming a bullish sentiment in the market. The VWAP at $0.004923 is also above the price, suggesting that buyers are in control of the market momentum.

The RSI is currently at 75.43, indicating overbought conditions. This suggests that the uptrend could experience a pullback or consolidation soon, depending on market dynamics.

The MACD has turned positive, with the MACD line at 0.000105 above the signal line at 0.000094, signaling increasing bullish momentum. The histogram is also showing positive bars, further supporting the uptrend continuation.

Key resistance levels to watch are around $0.005300. If the price breaks above this level, it could extend the rally toward the $0.006000 level or higher.

On the downside, immediate support lies at $0.004500, which aligns with the recent consolidation zone. A break below this level could shift the sentiment toward a more neutral outlook, with the possibility of retesting the $0.004000 level.

Disclaimer: This analysis is for informational purposes only and should not be taken as financial advice. Always conduct your own research before making trading decisions.

#6thTrade #Marketsentimentstoday #Market_Update #DODOEmpowersMemeIssuance