$SCR has experienced a notable decline of 3.261% over the past 24 hours, with key levels showing weakness as the price oscillates between a high of 0.381 and a low of 0.352. The Bollinger Bands indicate tighter constraints, suggesting potential for increased volatility. With strong resistance at 0.381 and support at 0.352, a breakdown below support could trigger further bearish sentiment. Though Bitcoin’s influence remains undefined, its overarching trend impacts altcoin performance. Traders should adopt a short-term perspective in light of the downtrend and market instability, as macroeconomic factors like inflation and regulatory uncertainty loom. A key takeaway is that SCR's current volatility, coupled with external macro influences, necessitates vigilance and adaptability for traders in the current climate.
