SCRT BTC Secret Technical Analysis

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By Frans van Elst

Secret logo In this Secret technical analysis, we will examine the current price action, trading volume, key levels and indicators for SCRT-BTC. Secret (SCRT) is a privacy-focused cryptocurrency that utilizes cutting-edge technologies like zero-knowledge proofs and homomorphic encryption to protect users’ transactions and personal information. With its innovative features and strong emphasis on security, Secret has gained popularity among individuals seeking enhanced privacy and anonymity in their digital assets. Additionally, Secret’s unique architecture enables the development of decentralized applications (dApps) that can operate seamlessly within the blockchain ecosystem.

Secret Price Overview:

As of May 13, 2024, Secret is trading at approximately 1e-05 BTC. Let’s dive into the detailed price action for SCRT-BTC:

Follow potential bearish trend for Secret (SCRTBTC) at 6.03e-06 BTC with technical analysis, indicating cautionary indicators and weakened support.

Metric Value
Open (O) 1e-05
High (H) 1e-05
Low (L) 1e-05
Close (C) 1e-05
Volume (C) 102,568.30
  • Open (O): The opening price for today’s trading session was approximately 1e-05 BTC.
  • High (H): Secret reached a daily high of around 1e-05 BTC.
  • Low (L): The daily low for SCRT-BTC was approximately 1e-05 BTC.
  • Close (C): At the time of analysis, Secret is trading near its daily close of 1e-05 BTC.
Metric Value
1D Change (%) -3.67%
3D Change (%) -2.27%
7D Change (%) -3.67%
30D Change (%) -9.73%
90D Change (%) -30.85%
YTD Change (%) -48.06%

Over the past three days, SCRTBTC has fallen by approximately -2.27%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -3.67%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with SCRTBTC maintaining a downward trend of approximately -9.73%, despite intermittent fluctuations. Examining the last 90 days, SCRTBTC has witnessed substantial drop of approximately -30.85%, reflecting strong long-term confidence. Year-to-date, SCRTBTC has steadily decreased by around -48.06%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.

Secret Live Chart:

You can access a live price chart for SCRT-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.

Price Volatility and Momentum:

  • Volatility score is 0.38464.
  • Momentum score is -0.14589.

SCRT BTC Technical Analysis

Secret Trading Volume:

The trading volume for Secret (SCRT) over the past 24 hours has been significant, with approximately 102,568.30 BTC traded against SCRT. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.

Moving Averages:

  • 50-day Simple Moving Average (SMA): SCRT is currently trading below the 50-day SMA, indicating short-term bearish momentum.
  • 200-day Simple Moving Average (SMA): Secret is also trading below the 200-day SMA, indicating a negative long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for SCRT-BTC is currently in the low zone, around 38.40736. This suggests that Secret is in bearish territory.

Analysis from TradingView:

Our Key Takeaways:

Secret (SCRT-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the low RSI and significant trading volume are low signals for potential downward movement.

Follow potential bearish trend for Secret (SCRTBTC) at 6.03e-06 BTC with technical analysis, indicating cautionary indicators and weakened support.

Unlock additional insights on SCRT USDT Secret Technical Analysis with our detailed analysis; a must-read if you enjoyed the content of this post.

Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.

Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.

Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.

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