$SC Based on the SC/USDT chart with 1-month candlesticks:

Observations:

1. Cup and Handle Pattern:

The chart shows a rounded bottom (the "cup") formed over several months.

A slight upward consolidation can be interpreted as the "handle."

The price is nearing the resistance level around $0.0085, which corresponds to the rim of the cup.

2. Technical Indicators:

RSI (Relative Strength Index): Currently at 66.45, indicating bullish momentum but nearing overbought territory.

Volume: An increase in volume supports the idea of accumulation and the potential for a breakout.

Moving Averages: The price is above the 50 MA, indicating bullish sentiment.

3. Resistance and Breakout Potential:

The resistance at $0.0085 aligns with the rim of the cup. If broken with volume, it could trigger a breakout.

A breakout from the cup-and-handle pattern often targets a price equal to the depth of the cup added to the breakout level, which might bring SC/USDT closer to $0.02.

Technical Analysis:

Pattern Validation: The cup-and-handle pattern seems valid as there is a rounded bottom followed by a small consolidation phase.

Breakout Expectations: A breakout is possible if:

The price closes above $0.0085 with significant volume.

RSI remains below 70 without sharp divergence.

Potential Risks:

If the price fails to break resistance, a pullback to support levels near $0.0075 or $0.0065 is possible.

Overbought RSI could lead to temporary profit-taking.

Strategy:

Bullish Case: Enter on a confirmed breakout above $0.0085 with volume, targeting $0.01–$0.02.

Bearish Case: If rejected at resistance, wait for a pullback to support levels for a better entry.

Keep monitoring the price action near the resistance level for confirmation of the breakout.