In this Secret technical analysis, we will examine the current price action, trading volume, key levels and indicators for SCRT-USDT. Here are three sentences about Secret (SCRT) cryptocurrency: Secret (SCRT) is a privacy-focused cryptocurrency that utilizes ring signatures and zero-knowledge proofs to protect users’ transactions and identities. With its unique features, SCRT enables users to make secure and private transactions without revealing their personal information. Additionally, Secret’s decentralized governance model allows the community to have a say in the direction of the project, ensuring that it remains truly decentralized and censorship-resistant.
Secret Price Overview:
As of October 02, 2023, Secret is trading at approximately 0.2511 USDT. Let’s dive into the detailed price action for SCRT-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.248 |
| High (H) | 0.2628 |
| Low (L) | 0.2469 |
| Close (C) | 0.2511 |
| Volume (C) | 4,569,485.20 |
- Open (O): The opening price for today’s trading session was approximately 0.248 USDT.
- High (H): Secret reached a daily high of around 0.2628 USDT.
- Low (L): The daily low for SCRT-USDT was approximately 0.2469 USDT.
- Close (C): At the time of analysis, Secret is trading near its daily close of 0.2511 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 1.29% |
| 3D Change (%) | 2.99% |
| 7D Change (%) | -0.83% |
| 30D Change (%) | -2.52% |
| 90D Change (%) | -30.25% |
| YTD Change (%) | -58.43% |
Over the past three days, SCRTUSDT has risen by approximately 2.99%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -0.83%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with SCRTUSDT maintaining a downward trend of approximately -2.52%, despite intermittent fluctuations. Examining the last 90 days, SCRTUSDT has witnessed substantial decline of approximately -30.25%, reflecting strong long-term confidence. Year-to-date, SCRTUSDT has steadily dropped by around -58.43%, 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 0.32803.
- Momentum score is -0.02523.
SCRT USDT Technical Analysis
Secret Trading Volume:
The trading volume for Secret (SCRT) over the past 24 hours has been significant, with approximately 4,569,485.20 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 42.43656. 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.
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.
