The SCRT token price drives higher in an ascending broadening pattern despite the fall in trading volume in the daily chart. 

SCRT is the native coin of Secret Network, a blockchain with data privacy for smart contracts by default, allowing you to build and use applications that are both permissionless and privacy-preserving. 

This functionality protects users, secures applications, and unlocks hundreds of never-before-possible use cases for Web3.

Let us now take a look into the technical analysis of Secret Network.
<h2>Past Performance of SCRT</h2>
With the overwhelming rise in demand in the overall crypto-verse, the SCRT coin price grows in an <a href="https://www.cryptoknowmics.com/news/scrt-technical-analysis-market-on-an-immediate-basis-looks-for-a-downturn/">uptrend</a>. However, the price growth lacks the support of trading volume. 

As a result, the coin price trades 7.52% cheaper than it did yesterday. A single Secret token costs $9.22 at press time. Meanwhile, the trading volume has fallen 57%, reflecting the loss of interest of buyers.

<img src="https://s3.tradingview.com/snapshots/9/9IwwVMaF.png" alt="TradingView Chart" />

<a href="https://www.tradingview.com/x/9IwwVMaF/">SCRT/USD Daily Chart</a>
<h2>SCRT Technical Analysis</h2>
As the trading volume falls, the SCRT token price action can shortly give a bearish breakout of an ascending broadening wedge pattern. However, the $9 support level fights back, resisting the downfall.

The SCRT uptrend faces opposition from the $10 as per the Pivot Points, resulting in the short-term retracement. However, the ongoing retracement can result in a bearish breakout if the selling pressure overtakes. In such a case, $7.5 and $6 can provide support to the falling prices.

As the $9 mark pushes the price higher, the RSI slope returns halfway from the central mark. As a result, the slope rises higher above 55% on the 4-hour chart. Hence, the RSI indicator generates a buy signal for the SCRT token.

The MACD and the Signal line reverse the falling trend as the weakness in bearish histogram surfaces. As a result, the MACD indicator reflects the weakness in the underlying bearish powers.
<h2>Upcoming Trend</h2>
As per the technical analysis of Secret, the SCRT token price reverses the downfall from $9. However, the price action implies a high probability of a bearish breakout. Hence, investors with bullish hopes can wait till the $10 breakout to avoid false breakouts.

SCRT Technical Analysis: Uptrend Struggles Near $10

The SCRT token price drives higher in an ascending broadening pattern despite the fall in trading volume in the daily chart. 

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: Uptrend Struggles Near $10

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