- Scrt coin consolidating itself in the ascending wedge pattern and about to breach it.
- Secret price jumped 20% up today with a change of 58% volume.
- SCRT/BTC pair price is favouring the buyers which is up by 22.78% at 0.0001858 BTC.
According to the Secret price chart, after hitting an all time high ($12.38) the coin was trading under the selling pressure indicating the falling wedge pattern in the daily time frame.but as soon as buyers find the support level at $3.74 the came into existence and they put the buying interest in the Coin as a long term view. Nowadays, secret coin price is moving higher without giving any selling indication to bears.
At the time of writing, the Secret coin price is trading in the bullish territory by 20.97% up at $8.02, which is indicating the massive buying pressure in the coin. Over the last 24-hours, trading volume has increased by 68% at $42.832 million, which was the most volatile day for the coin. The SCRT/BTC pair price is indicating bullish by 23.10% at 0.0001869 BTC. However, SCRT/ETH pair price is supporting the bull run because it is positive by 22.22% at 0.002424 ETH. The volume/ market cap ratio is 0.03572, on the other hand; the market cap/TVL ratio is 19.68.
The price action of the SCRT coin moving higher-high and higher-low draws the ascending wedge pattern in the daily time frame. Now the coin is testing the pattern’s upper level (considered as a bullish barrier), it may face a bit of selling pressure from this key level; on the other hand, if it breaks out this pattern then can achieve ATH level again.
Will SCRT Coin Achieve ATH Mark Again?
Recently, SCRT coin has crossed 100 MA upside and now 20,50,100,200 Moving Averages trading below the coin price. If the SCRT coin turns flip side then 20,50 and 100 MAs will be the short-term support level and for a long time period, 200 MA will be the pivotal support border for the investors.
According to the RSI indicator, SCRT Coin seems to be in bullish territory, when the coin was struggling between 20 and 100 MAs that time RSI tested the 50 mark as a support and now it is indicating a 67.7 mark.
In mid-December, MACD generated a bullish crossover and started moving higher. Now it is in the positive zone which makes investors more confident.
The investors are searching confident about the SCRT bullish trend and many indicators supporting them. If the SCRT coin price breaches the ascending wedge pattern to the upside then the coin might obtain ATH level again.
Support level – $3.66
Resistance level – $6.03 and 10.50
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.