SCRT Technical Analysis: Bulls Struggle to Overcome Sellers at $10: Is This Where Bulls Fall?

SCRT coin price action shows the possibility of a cup-and-handle pattern with the neckline at $10. Will the bulls overcome sellers at $10? Secret has been backed by numerous independently-operating development groups and companies which include Enigma, Secret Foundation, Secretnodes.org, Chain of Secrets, and many more. Secret Network is an open-source encrypted, permissionless blockchain built on research in privacy that was conducted from scratch and research papers. It was first published at MIT in the year 2015, such as “Decentralizing Privacy,” now one of the most important blockchain research papers with more than 2,000 academic references. Let us move ahead to read about Secret technical analysis. Past Performance of SCRT SCRT coin price action shows a growth above the $9 mark, but it shows higher price rejection near the all-time high of $10. Hence, the price action shows a long-wick formation near the horizontal level reflects a bearish reversal. However, the reversal seems to be a retest of the bullish breakout of $9. SCRT/USD Daily Chart SCRT Technical Analysis The recent reversal in the SCRT coin price transforms the rounding bottom into a possible cup and handle pattern. The support level at $9 is the closest horizontal level that can halt the falling prices. Therefore, traders need to keep an eye out near the level. The rising prices of Secret tokens reverse the slope of the 50-day SMA, resulting in a gradual rev...