SCR Price Action Analysis

SCR is currently trading at $0.686, having seen a decline of 8.29% in the past 24 hours, reflecting market volatility. There appears to be a key support level to watch to determine the next direction.

Trading Levels:

Key Support: It is located near $0.670, which represents a potential price rebound point if the selling momentum continues.

Resistance: At $0.755, which could act as a strong barrier if the price starts an upward rebound.

Forecast

Bullish Scenario: If the price bounces off the support level and regains momentum, we could see a move towards the mentioned resistance level, and if it is broken, the price could head higher.

Bearish Scenario: If the price breaks the support level, it could head lower, requiring caution from traders.

Disclaimer: This analysis is for educational purposes only and is not considered investment advice. Traders are advised to conduct their own research and trade with caution.