SCRT USDT 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-USDT. 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 those seeking enhanced privacy and anonymity in the digital asset space. Additionally, Secret’s unique architecture enables decentralized applications (dApps) to be built on top of the platform, further expanding its use cases and potential impact.

Secret Price Overview:

As of May 16, 2024, Secret is trading at approximately 0.3618 USDT. Let’s dive into the detailed price action for SCRT-USDT:

Anticipate potential setbacks for Secret (SCRTUSDT) at 3.62e-01 USDT through bearish technical analysis, emphasizing weakened support and cautionary indicators.

Metric Value
Open (O) 0.3895
High (H) 0.3918
Low (L) 0.3603
Close (C) 0.3618
Volume (C) 4,106,977.60
  • Open (O): The opening price for today’s trading session was approximately 0.3895 USDT.
  • High (H): Secret reached a daily high of around 0.3918 USDT.
  • Low (L): The daily low for SCRT-USDT was approximately 0.3603 USDT.
  • Close (C): At the time of analysis, Secret is trading near its daily close of 0.3618 USDT.
Metric Value
1D Change (%) -7.11%
3D Change (%) -3.60%
7D Change (%) -7.04%
30D Change (%) -13.28%
90D Change (%) -16.35%
YTD Change (%) -26.40%

Over the past three days, SCRTUSDT has fallen by approximately -3.60%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -7.04%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with SCRTUSDT maintaining a downward trend of approximately -13.28%, despite intermittent fluctuations. Examining the last 90 days, SCRTUSDT has witnessed substantial decrease of approximately -16.35%, reflecting strong long-term confidence. Year-to-date, SCRTUSDT has steadily declined by around -26.40%, 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-USDT 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 0.53456.
  • Momentum score is -0.1717.

SCRT USDT Technical Analysis

Secret Trading Volume:

The trading volume for Secret (SCRT) over the past 24 hours has been significant, with approximately 4,106,977.60 USDT 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-USDT is currently in the low zone, around 40.24747. This suggests that Secret is in bearish territory.

Analysis from TradingView:

Our Key Takeaways:

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

Anticipate potential setbacks for Secret (SCRTUSDT) at 3.62e-01 USDT through bearish technical analysis, emphasizing weakened support and cautionary indicators.

Missing our detailed breakdown on SCRT BTC Secret Technical Analysis would be a lost opportunity if you found value in 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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