SCRT Technical Analysis: Uptrend Races To $5 With V-shaped Reversal

The SCRT coin price shows an incredible V-shaped recovery leading to the rounding bottom breakout. Will the uptrend race to the $5 mark? Tezos aims to offer technology that’s more advanced and can develop and grow in the future without ever any risk of the possibility of a hard fork. This is something that both Bitcoin, as well as Ethereum, have faced since their creation. The launch of Tezos and Polkadot (DOT) ETPs (exchange-traded products) by Coinshares and the Smartlink NFT launchpad powered by Tezos fuels the bullish sentiments. Hence, the past couple of weeks remain extremely bullish for the token. Let us move ahead to read about Secret technical analysis. Past Performance of SCRT The SCRT coin price shows a phenomenal rise of almost 50% in the past two weeks after finding demand near the $2.85 mark. The rally breaks above the $3.85 horizontal levels and surpasses the $4 mark. Furthermore, the intraday trading volume shows a growth of 50% indicates a rise in the buying pressure. SCRT/USD Daily Chart SCRT Technical Analysis The SCRT coin price shows the breakout of a rounding bottom pattern made by the V-shaped reversal from the $2.85 mark. The price action retests the $3.85 breakout and forms a follow-through candle to continue the uptrend. The crucial Simple Moving Averages show the breakout of the 50-day SMA as the price jumps to reach the 200-day SMA. Moreover, the 200-day SMA maintains an uptrend in action suggesting...