<b><i>SCRT coin price action shows the possibility of a cup-and-handle pattern with the neckline at $10. Will the bulls overcome sellers at $10?</i></b>

<span style="font-weight: 400">Secret has been backed by numerous independently-operating development groups and companies which include Enigma, Secret Foundation, Secretnodes.org, Chain of Secrets, and many more.</span>

<span style="font-weight: 400">Secret Network is an open-source encrypted, permissionless blockchain built on research in privacy that was conducted from scratch and research papers. It was first published at MIT in the year 2015, such as "Decentralizing Privacy," now one of the most important blockchain research papers with more than 2,000 academic references.</span>

<span style="font-weight: 400">Let us move ahead to read about Secret technical analysis.</span>
<h2><b>Past Performance of SCRT</b></h2>
<span style="font-weight: 400">SCRT coin price action shows a growth above the $9 mark, but it shows higher price rejection <a href="https://www.cryptoknowmics.com/news/scrt-technical-analysis-rounding-bottom-breakout-aims-to-reach-16-can-bulls-overcome-selling-pressure-at-10/">near</a> the all-time high of $10. Hence, the price action shows a long-wick formation near the horizontal level reflects a bearish reversal. However, the reversal seems to be a retest of the bullish breakout of $9.</span>

<img src="https://s3.tradingview.com/snapshots/h/HOIke2H9.png" alt="TradingView Chart" />

<a href="https://www.tradingview.com/x/HOIke2H9/"><span style="font-weight: 400">SCRT/USD Daily Chart</span></a>
<h2><b>SCRT Technical Analysis</b></h2>
<span style="font-weight: 400">The recent reversal in the SCRT coin price transforms the rounding bottom into a possible cup and handle pattern. The support level at $9 is the closest horizontal level that can halt the falling prices. Therefore, traders need to keep an eye out near the level. </span>

<span style="font-weight: 400">The rising prices of Secret tokens reverse the slope of the 50-day SMA, resulting in a gradual reversal. Therefore, a possible bullish crossover with the 100-day SMA can be seen shortly.</span>

<span style="font-weight: 400">The </span><b>RSI indicator </b><span style="font-weight: 400">at 69% shows the slope retracing into the nearly overbought zone in the daily chart due to the falling coin prices. However, the 14-day SMA sustains above the central line indicating a solid underlying bullishness. </span>

<span style="font-weight: 400">The </span><b>MACD indicator</b><span style="font-weight: 400"> shows a long-coming uptrend in the MACD and signal lines in the daily chart. Moreover, the bullish histograms sustain the multiple bearish attacks. </span>

<span style="font-weight: 400">Thus, the technical indicators indicate an increase in the underlying bullishness, forecasting a potential breakout of bullish price action over $10. But, the higher price rejection evident in the daily price chart predicts the possibility of a delay in the bull run.</span>
<h2><b>Upcoming Trend</b></h2>
<span style="font-weight: 400">The SCRT coin price reflects the possibility of a cup-and-handle pattern in the daily chart with the neckline near the $10 mark. However, the failure to sustain above $9. </span>

<span style="font-weight: 400">That is why traders need to be careful and remain patient till the breakout of any crucial levels. The SCRT coin price chart suggests the next support levels at $9 and $7. And, in case of a bullish breakout above $10, the price can find opposition at $12 and $15.</span>

Despite the recent rejection, trading view technical analysis gives a "BUY" signal for the SCRT coin.
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<div class="tradingview-widget-copyright"><a href="https://in.tradingview.com/symbols/SCRTUSD/technicals/" target="_blank" rel="noopener"><span class="blue-text">Technical Analysis for SCRTUSD</span></a></div>
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SCRT Technical Analysis: Bulls Struggle to Overcome Sellers at $10: Is This Where Bulls Fall?

SCRT coin price action shows the possibility of a cup and handle pattern with the neckline at $10. Will the bulls overcome sellers at $10?

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

SCRT Technical Analysis: Bulls Struggle to Overcome Sellers at $10: Is This Where Bulls Fall?

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