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SCR is currently hovering around 0.087, right at the short to medium-term moving averages—the 7-day and 25-day moving averages are both revolving around 0.087. However, the problem arises as the price is still pressed below the 99-day moving average (~0.095), creating a generally neutral atmosphere, even with a slight short positions flavor.
Looking down, the recent low of 0.085 is a key support level. If this cannot be held? Then we need to prepare to test the range of 0.08 to 0.075.
To the upside, we first need to break through the 0.095(99 daily line at ), and then see if we can reach 0.10-0.105. Only by stabilizing above 0.095 can the short positions pressure be considered truly relieved.
The change in trading volume is quite interesting: there was a noticeable increase during the selling wave, but it has since dwindled. The buying pressure is weak. Currently, it's a volatile market, waiting to see which side can’t hold out first—either a downward break or a recovery of the moving averages will clarify the direction.