Here is a chart analysis and predictions for Scroll ($SCR
) based on the provided data:
Chart Analysis:
1. Current Price: $0.816 (-2.39%)
2. Daily Trend:
The chart shows moderate volatility with oscillating movements.
A visible support around $0.81, where the price seems to find some balance.
A resistance around $0.838, where sellers dominate.
3. Market Cap: $154.69 million, which ranks Scroll 358 among cryptos.
Future Predictions:
1. Short Term (1-7 Days):
If the price holds the support at $0.81, it could bounce and test $0.838 again.
A break below $0.81 could lead to a drop to $0.79 or lower.
2. Medium term (1 month):
The small capitalization indicates that SCR is sensitive to fluctuations in the overall market.
If interest in Scroll-related projects increases, the price could target $0.85-$0.90.
3. Long term (3-6 months):
The potential depends on the adoption of Scroll’s technology and the evolution of the crypto market.
A sustained rise could reach $1.00, but low adoption could limit the advance.
Tips for traders and investors:
Short term:
Watch for critical levels ($0.81 for support and $0.838 for resistance).
Scalpers can take advantage of the volatility.
Long term:
If you believe in Scroll for its project, accumulating on dips could be advantageous.
Do your research to understand its use cases.
Would you like a technical analysis for a crypto currency 💱? Mention it in the comments and I will do it in my next publications
