Universal High Income
OnlyAgent
Aerodrome Finance
Pudgy Penguins
Monero
Pearl
Quantus
- After the range-bound market, the price of the secret coin appears to be in a bullish zone with a rise of 33% this week.
- Secret coin price is seen trading above important moving averages like 20, 50, 100, and 200 MA.
- SCRT/BTC pair price is looking 13% higher at 0.0001436 Satoshis.
SCRT coin is seen in a bullish zone after retreating from the demand zone (red). However, the month of March appears to be a cumulative phase for the SCRT holders and the beginning of April is in favor of the bulls. After several weeks, the week finally saw an extremely bullish trend with a gain of 34%.
As per the higher time frame, the SCRT coin looks bullish even though it is facing a retracement phase. At the time of writing, according to CMC, the SCRT coin is in the Green Zone by 12.6% at $6.6. Moreover, the SCRT/BTC pair price is looking 13% higher at 0.0001436 Satoshis.
As per the Fibonacci retracement level, SCRT bulls are approaching $7.40 (FIB’s 0.5 level), which could act as a resistance in the upcoming trading session. However, buyer and seller open positions stood at $56.09 million last night with a 101% increase in trading volume. Also, the volume to market capitalization ratio is 0.05986.
SCRT is on track to retest its all-time high
Important moving averages including the 20, 50, 100, and 200 EMAs are well below the current price of the asset on the daily price graph.
In terms of the daily price chart, the RSI indicator is looking bullish for the SRT coin price. Currently, the RSI is at the 76 level, which is about to enter the overbought zone.
The Average Directional Index is looking flat at 24 points, which suggests a slightly bullish move for the secret coin.
Conclusion
Secret Coin is doing well this week with high returns. But still, $7.40 appears to be a key area for the bears. Hence the bulls must gather more volume to push the asset price above this level.
Support level – $5.0 and $3.5
Resistance level – $8.0 and $10
Disclaimer
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.
