Deep Dive
1. Delisting Fallout (Bearish Impact)
Overview: Bit2Me delisted SCRT on 21 April 2025 (announcement), citing unspecified external factors. While the event is months old, reduced exchange access likely contributed to persistent liquidity challenges.
What this means: Delistings often trigger long-term sell pressure as investors exit positions due to reduced accessibility. SCRT’s 24h turnover ratio of 8.3% (volume/market cap) suggests thin liquidity, making prices vulnerable to larger trades.
2. Technical Downtrend (Bearish Impact)
Overview: SCRT broke below its pivot point ($0.17606) and 7-day SMA ($0.18194). The RSI-7 (38.73) and MACD (-0.00066) confirm bearish momentum.
What this means: Traders likely exited positions after the price breached the $0.176 support, with Fibonacci retracement levels now pointing to $0.17275 as the next critical zone. Weak volume during recovery attempts (16.89% 24h increase) signals limited buying conviction.
What to look out for: A sustained close above $0.176 could stabilize prices, while failure risks a test of the 78.6% Fibonacci level ($0.17275).
3. Market-Wide Weakness (Mixed Impact)
Overview: The total crypto market cap fell 4.13% in 24h, with Bitcoin dominance rising to 57.92%. Altcoins like SCRT often underperform during risk-off shifts.
What this means: While macro trends contributed, SCRT’s steeper decline (-7.73% vs. -4.13% market-wide) highlights coin-specific vulnerabilities, including its low market cap ($53.7M) and niche privacy focus.
Conclusion
SCRT’s decline reflects lingering delisting impacts, technical breakdowns, and broader market caution. While its AI partnership with Cintara (28 July) offers long-term potential, short-term sentiment remains fragile.
Key watch: Can SCRT reclaim $0.176 amid rising derivatives open interest (+65.53% monthly)?