Secret Coin Price Analysis: Is Secret Coin Bulls Ready To Test All-Time High Again?
- Secret coin price at the monthly chart showcases the solid-up move after a significant decline below the 200-day moving average line.
- The digital asset is currently placed above all vital moving averages of 20, 50, 100, and 200-day moving average lines, slightly improving volume.
- The pair of SCRT/BTC is trading at 0.0001948 BTC with an intraday change of +5.52%, and the ratio of SCRT/ETH is CMP at 0.002525 ETH with a 24-hour change of +4.44%.
Secret coin price over the monthly chart is trading under the robust bullish chart setup, while the bulls are heading higher. Moreover, the overall medium to long-term chart setup suggests a solid bullish chat structure. SCRT is presently trading above all major moving averages of 20, 50, 100, and 200-day lines, with average volume activity. Likewise, the volume activity over the chart is average and needs a sharp upsurge for retesting its previous all-time highs of $10.65. Although the overall chart setup is strongly favoring the bulls, we can see a minor pullback from current levels in the short term. Support over the monthly chart is placed near the $7.25 to $5.45, whereas the resistance on the higher side is at $8.82 and $10.65.
Secret coin price at the 4-hour time frame is getting exhausted after a positive breakout from the falling channel pattern
Secret coin price at the 4-hour time frame is getting exhausting after a positive breakout from the falling channel pattern. The crypto asset reaches the overbought zone in the current scenario after an impulsive move from lower levels. The volume action also indicates the higher interest at the current levels, as it jumps above the average volume line. The technical indicators are currently suggesting slight caution for a new buying position. The secret price is CMP at $8.35 with a substantial intraday gain of +7.48% and the volume to market cap ratio at 0.05542.
Relative Strength Index (CAUTION): Secret coin price RSI reaches the overbought after a sharp move from the lower levels. The coin finds stability, but it can project a slight selloff in upcoming sessions, RSI at 70.
Moving Average Convergence Divergence (CAUTION) – The daily chart projects a bullish trend at the 4-hour time frame, while a short-term selloff can also occur. The seller’s line (red) is heading towards the buyer’s signal line (green) for an upcoming negative crossover.
Support levels: $7.25 to $5.45
Resistance levels: $8.82 and $10.65.
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 the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.