SCRT Technical Analysis: Last Stand At $5 Holdbacks 10% Fall

SCRT coin price struggles to sustain above the 200-day EMA after a drastic 20% in the last week. Will buyers withhold the last stand? Key technical points: The price action forms a Doji at the 200-day EMA. The SCRT prices hinge at the $5 mark. Finally, the 24-hour trading volume of Secret is $30.73 Million, marking a 50% rise. Past Performance of SCRT SCRT prices fell by 20% in the last week, starting from the vast supply met near the $6.75 mark to the $5 mark. The downfall breaks below the 50 and 100-day EMA before clinging on to the 200-day EMA. The Doji formation at the support confluence of the 200-day EMA and the $5 mark halts the downtrend and hints at a reversal possibility. Source-Tradingview SCRT Technical Analysis The reversal possibility in the SCRT coin price must surpass $5.5 and avoid direct retracement to $5, so the price action avoids a head and shoulder formation. Hence, the $5.5 breakout will be a less risky entry opportunity for bullish traders. The flattish trend in the 50 and 100-day EMA keeps the constant threat of a bearish crossover with the struggling to sustain above the 200-day EMA. Hence, the EMAs are on the verge of giving a sell signal. RSI Indicator: The freefall trend in the RSI value continues after breaching the halfway mark in the daily chart. Hence, the indicator reflects an increase in selling pressure with the 14-day SMA fallout. MACD Indicator: The MACD and signal lines give a bearish cro...