SCRT USDT is beginning to display significant bullish momentum, indicating that Secret (SCRT) could be gearing up for a meaningful move. On‑chain metrics suggest that price has held recent support zones and volume has begun to improve—this combination often signals that accumulation may be underway and a breakout could be in the offing.
From a fundamental standpoint SCRT is the native token of Secret Network, a privacy‑first layer‑1 blockchain focused on confidential computation via encrypted smart contracts. This aligns with several high‑search keywords right now such as privacy blockchain, confidential computing, Web3 infrastructure, and data sovereignty. With rising demand for private smart contract platforms and solid ecosystem engagement, SCRT is in the right narrative zone.
Technically the price structure supports the thesis: after a period of consolidation, SCRT has begun breaking past prior short‑term resistance levels while volume is trending modestly higher. For traders the key will be to watch for a confirmed breakout and sustained follow‑through, ideally accompanied by retest of breakout zone acting as support. Risk management would dictate placing a stop below recent swing low to keep the risk defined.
From a fundamental standpoint SCRT is the native token of Secret Network, a privacy‑first layer‑1 blockchain focused on confidential computation via encrypted smart contracts. This aligns with several high‑search keywords right now such as privacy blockchain, confidential computing, Web3 infrastructure, and data sovereignty. With rising demand for private smart contract platforms and solid ecosystem engagement, SCRT is in the right narrative zone.
Technically the price structure supports the thesis: after a period of consolidation, SCRT has begun breaking past prior short‑term resistance levels while volume is trending modestly higher. For traders the key will be to watch for a confirmed breakout and sustained follow‑through, ideally accompanied by retest of breakout zone acting as support. Risk management would dictate placing a stop below recent swing low to keep the risk defined.
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Penafian
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Join our Forex Community Telegram group and connect with thousands of traders.
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Penafian
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
