Secret (SCRT) registered an over 200% two-week-long rally from a series of green candles from 5 to 17 November. The altcoin breached...
Secret registered an over 200% two-week-long rally from a series of green candles from 5 to 17 November.
At press time, SCRT was trading at $0.34, down by over 32% in the last 24 hours, depicting a declining bullish edge.The altcoin’s latest price action highlighted the importance of the EMA levels in gauging SCRT’s near-term trajectory. At press time, SCRT was hovering above its 20-day, 50-day, and 200-day EMAs to project a strong bullish trend. However, the $0.42 resistance provoked a near-term downtrend on the charts.
Conversely, a breakdown below $0.29 could signal the end of the bullish uptrend and push the price back towards the $0.23 support. This might potentially lead to further consolidation in the long term. The near-term EMA levels can be considered crucial support clusters that buyers must defend to prevent a deeper pullback.
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