Technical Analysis for SCR/USDT on Binance

Current Market Overview:

Current Price: $1.198

24h High: $1.940

24h Low: $0.280

24h Volume (SCR): 20.48M

Price Change: +199.50%

Recent Price Action: SCR has shown remarkable volatility over the past 24 hours, surging over 199% from its low of $0.280 to a high of $1.940. This significant price movement indicates heightened trading activity and investor interest.

Key Levels to Watch 🎯

1. Target 1: $1.50

Rationale: This level serves as a psychological resistance point and aligns with the recent upward momentum. If SCR can break and hold above this level, it may indicate continued bullish sentiment.

2. Target 2: $1.75

Rationale: This target is slightly below the 24h high of $1.940 but is critical for confirming a bullish trend. A close above this level could attract more buyers and solidify SCR’s position in the market.

3. Target 3: $2.00

Rationale: A breakout above this psychological resistance would signify strong bullish momentum and could trigger further upward movement, potentially reaching new highs. Investors should monitor this level closely for potential entry or exit points.

Technical Indicators:

Support Level: $0.280 (previous low)

Resistance Levels: $1.50, $1.75, and $2.00

Market Depth: Currently shows a 70.001% buy side, indicating strong demand.

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