$SCRT has experienced a minor decline of 2.4% in the past 24 hours, reflecting ongoing bearish sentiment.
The price fluctuated between 0.255 and 0.238, indicative of a cautious trading range.
Bollinger Bands show a tightening formation, suggesting potential volatility ahead, despite the current downtrend.
Support at 0.238 is critical, while resistance at 0.255 may deter upward movements.
Regulatory developments and inflation data are likely influencing market sentiment.
Bitcoin’s role in SCR’s movements remains undefined, limiting macroeconomic correlation effects.
Traders may benefit from a short-term focus, capitalizing on quick price swings amid market volatility.
Key takeaway: Observe BTC for unexpected correlations and reassess positions as macro factors evolve.
