🔍 SCR/USDT Technical Analysis & Price Targets 🔍
Current Price: $0.644
24h Change: +13.78%
The SCR/USDT pair has seen a strong uptick in price recently, with a notable 13.78% increase in the last 24 hours. Let’s break down the key levels and potential targets for traders:
Key Levels to Watch 📊
1. Support Level (0.533 USDT) 📉
Reason: This level marks a strong support zone, where price found stability previously. If the price retraces towards this level, it could be a potential buying opportunity if the market conditions remain favorable.
2. Resistance Level (0.686 USDT) 📈
Reason: This is the primary resistance level in the short-term. If SCR continues its bullish momentum, we might see price action attempting to break through this level. A successful breakout above this could lead to further upside potential.
3. Target Price 1 (0.632 USDT) 🎯
Reason: Near-term target. If SCR manages to break above 0.625, we could expect the price to target the 0.632 zone, which has previously seen some consolidation. A sustained hold above this level could pave the way for further gains.
Trend Analysis 📉📈
The parabolic SAR suggests a bullish trend with support at 0.563 and resistance at 0.686. If SCR holds above 0.563, the uptrend could continue toward the target price at 0.632 and potentially 0.686.
Watch for volume spikes, as they could signal strength in either direction.
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