Secret Price Analysis: SCRT coin set to test $10 crucial level after a range-bound market

• After the range-bound market, secret coin price prediction appears to be in a bullish zone and is 5.5% positive in intraday session.

• In the terms of the daily price chart, the Secret coin price is trading above the significant moving averages such as 20,50,100 and 200 MAs.

• SCRT/BTC pair price is fabourign to bulls by 7.01% at 0.00015900 satoshis. 

The Secret coin price prediction appears to be in bullish territory after the sideways market. Several days before, the coin price had been consolidating between $6.2 (observers as a resistance) to $5.0 (curtail resistance).

Although, after the pullback, the bulls have maintained the price above this range for the past 2-days. At the time of writing, the SCRT coin price is trading at $6.91, which is bullish by 4.5%. 

However, the coin price has retested the 0.786-level of Fib retracement. Now it seems bulls are preparing to retest the psychological round level of $10 again.

Over the past 24-hours, Secret coin price has gained 23% volume. Since 22 January, the daily Volume has been below the 20-day moving average (blue). The Volume to market capitalization ratio is 0.3892.

However, the volume oscillator indicator is maintained below the neutral (0-mark). The coin has been noticing bullish candles in the weekly price chart. Moreover, in the 4-hours chart, the secret coin price action is making lower lows.

The Secret coin price bulls are preparing to retest the psychology round level

The Secret coin price with the Bitcoin pair has taken support of the bullish trendline and bounced back. At the time of writing the SCRT/BTC pair price is trading at 0.0001598 satoshis, which is favoring the bulls by 7.5%.

The immediate support is 0.0001295 satoshis, and the resistance is 0.00023 satoshis. However, bulls maintain the pair price above the 20-day moving average of the Bollinger bands indicator, and the price is approaching its upper level. Furthermore, the MACD reached into the negative region.

Today, bulls succeeded in sustaining the Secret coin price above the major moving averages (including 20,50,100, and 200 MAs).

If bulls continue to hold the price above following MAs, we can expect the fresh up move. However, the daily RSI is making higher highs after retesting  the 40-level, which is the crucial level for the bulls. 

Conclusion 

According to the Fibonacci retracement, the nearest resistance is near $8.0 (0.5-level) and if buyers manage to hold themselves above it, we could see a bullish move towards $10.

Support level – $5.0 and $3.5

Resistance level – $8.0 and $10

Disclaimer 

The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.