$SC Technical Analysis of the Coin
The market witnessed a significant upward trend in early 2024 before entering a consolidation phase🚀
In mid-January 2024, the coin formed a double top pattern 👍
at the levels (0.013158/0.013564).
The highest level recorded was 0.022985 in mid-February 2024.
🔍 Key Technical Indicators
1. Moving Averages
The short moving average (0.006493) is above
The long moving average (0.005112), reflecting a positive slope,
But the curve is gradually losing momentum (flattening the slope).
2. MACD indicator
Turned positive at 0.0001379, but momentum is still weak, indicating
Not enough strength to move the market in a clear direction.
3. Trading volume
Ranges between 10-12 million, which is a moderate volume that reflects continued investor interest
Without major moves.
📌 Main targets
In case of breaking the resistance at 0.006023, the price may target🚀
0.0072 then 0.0085 levels.
In case of breaking the support at 0.004911, the price may head towards 0.0042 then 0.0037👈
💡 Recommendation
📌 Given the current indicators, investors are advised to wait and see
until a clear trend emerges supported by strong momentum and high trading volume.
🔍 Monitoring technical indicators, especially moving averages
and MACD,
will help determine optimal entry and exit moments.
