$SCR

Scroll (SCR) represents the zkEVM technology built on Ethereum, and aims to improve the scalability of the Ethereum network by using Zero-Knowledge Rollups techniques. This can reduce transaction costs and increase the efficiency of the network, which attracts many developers to use it in building decentralized applications (dApps).

The current price of the coin is around $1.32, which is down 25.86% since the beginning of trading, with a decrease against Ethereum and Bitcoin of 32.07% and 33.64% respectively. The coin is available for trading on major platforms such as Binance and Gate.io, but the market has seen significant volatility since its launch in October 2024. It is worth noting that only 19% of the total available supply is currently in circulation, which may affect future price action.

For trend analysis using the Wyckoff indicator, Scroll may currently be in an accumulation phase, where we see a decline in price since the IPO. This accumulation phase may indicate that investors are willing to buy the coin in hopes of a rise in the near future, especially if the coin shows signs of stabilization in the short term.