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2022-01-14 08:00:16

SCRT Technical Analysis: Bullish Rally Breaks Another Resistance With Intense Buying Pressure: Will The Rally Sustain In Falling Crypto Market?

SCRT coin price action breaks above the resistance level at $7 and shows a rising uptrend with growing bullish momentum. Will this rally reach $10? Secret Network, a blockchain that provides data privacy to smart contracts as default and allows to develop and utilize applications. This functionality protects users, secures applications, and unlocks hundreds of never-before-possible use cases for Web3. Secret Network is an open-source and permissionless blockchain that is based on privacy and research papers that were first published at MIT in 2015. Among them was “Decentralizing Privacy,” now one of the most important papers in the blockchain field, boasting 220 academic references. Let us move ahead to read about Secret Network technical analysis. Past Performance of SCRT SCRT coin price shows a growth of more than 35% in the past week from the consolidation breakout at $5.5. The rally breaks above the horizontal level at $7 and touches the $8 mark. The intraday trading volume jumps by 50%, indicating a rise in buying pressure. SCRT/USD Daily Chart SCRT Technical Analysis The SCRT coin price action forms multiple bullish engulfing candlesticks showing a boom in underlying bullish momentum. Therefore, the price action indicates a rally above $10. The crucial EMAs (50, 100, and 200) maintain a rising trend while avoiding a bearish crossover. These EMAs can act as dynamic support levels and help maintain the uptrend during each ...

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