The market is starting to feel alive again, and SCRT is one of the names demanding attention. At approximately 0.0164, SCRT is showing a 50.44 percent 24 hour increase on the leaderboard.
This is exactly the type of momentum that can create a chain reaction. A strong breakout brings attention, attention brings volume, and rising volume can bring even more traders into the move. But after a 50 percent surge, the important question becomes whether SCRT can turn its previous resistance into support.
The next thing I am watching is volume behavior. If volume remains elevated during consolidation instead of disappearing after the initial pump, the move becomes much more interesting. I am also watching market dominance. If capital begins rotating away from larger assets and into higher beta altcoins, SCRT could benefit from another momentum wave.
Whale activity is another confirmation signal. Large transfers into exchanges could increase selling pressure, while sustained accumulation away from exchanges could strengthen the bullish case.
The support zone I am watching is 0.01542 to 0.01607. If price holds this region and starts building another higher low, the structure could remain constructive.
EP: 0.0164
Support: 0.01542 to 0.01607
TP1: 0.01886
TP2: 0.02132
SL: 0.01476
The first breakout created the excitement. The next breakout will need real participation.
I am ready for the move, but confirmation comes before conviction.
#South Korea expands crypto tax rules
#Bitcoin backing debate resurfaces
