$SCRT Update: Bears in Control, Testing Critical Levels!

Current Price: $0.2976 (-12.98%)

24H Range: $0.2900 - $0.3500

Volume: $29.14M, reflecting intense selling pressure.

Technical Breakdown:

1. Moving Averages:

• MA7 ($0.3014): Acting as immediate resistance; bulls need to reclaim this level.

• MA25 ($0.3132): Medium-term resistance; a breakout above signals recovery.

• MA99 ($0.3010): Strong dynamic resistance, consolidating the bearish trend.

2. Support & Resistance:

• Support: $0.2900 serves as the immediate critical level; a breakdown could trigger a deeper correction.

• Resistance: Recovery faces stiff resistance at $0.3130-$0.3200.

3. Volume Trends: Declining volume with falling price suggests bearish dominance but potential for oversold conditions.

Market Sentiment:

The bears are in charge, but with price nearing oversold levels, a relief bounce could be on the horizon. Bulls need to defend the $0.2900 zone to prevent further downside.

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