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SCR is currently hovering around 0.087, right at the intersection of the 7-day and 25-day moving averages—both lines are almost overlapping at 0.087. However, it's important to note that the price is still below the 99-day moving average (~0.095), so the overall sentiment is neutral with a slight bearish tone.
Looking down, the recent low of 0.085 is a key support level. If this level doesn’t hold and breaks down, it's highly likely that it will continue to test the 0.08 to 0.075 range.
As for resistance above, the price first needs to break through 0.095 (which is the 99-day moving average), and further up is the 0.10-0.105 resistance zone. As long as it can hold above 0.095, the threat from the bears is basically eliminated.
Interestingly, there was a sudden spike in trading volume during the last wave of sell-offs, but the follow-up buying power was clearly insufficient—volume has been gradually shrinking. Right now, it’s consolidating within the range, waiting for a directional move. Either there’s a breakout above key levels with strong volume or a reclaim of the moving averages—otherwise, this tug-of-war is likely to continue.
Still oscillating around the moving average, and the volume is so poor, we have to wait for a signal
If 0.085 breaks, we have to keep testing lower, nothing much to say
That's how it is in a bear market, holding steady above 0.095 is already good
This kind of market really torments people, might as well wait for the next wave
Can't buy, with trading volume shrinking like this, who dares to move?
If 0.085 breaks, we'll head straight to 0.08.
Waiting for a volume increase, or this tug-of-war will go on forever.
The 99-day moving average is a hurdle; if we can't surpass it, just accept it.
It's the worst when trading volume shrinks—it feels like anyone can just dump at any time.
If 0.085 doesn't hold, I'll just accept the loss. I've already mentally prepared for it anyway.
Is breaking 0.095 really that hard? It feels like it'll never go up.
The buy side is so weak, no wonder everyone is just waiting and watching.
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The shrinking buy orders signal isn’t looking good, feels like we’re in for more pain.
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If it breaks 0.085, it’ll head straight for 0.075, and by then it’ll be too late to cry.
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Shrinking volume means all the retail investors have fled, a classic prelude to a reverse V-shaped trend.
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We need to break through the 0.095 barrier decisively, otherwise it’ll just be torture over and over.
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The stance is back to gambling mode again, expecting a volume spike? Keep dreaming.
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Two moving averages sticking together is the critical point—chances are high it’ll go down this time.
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To put it bluntly, nobody wants to be the bag holder. It’s a damn tug of war.
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Still hoping for 0.10 with such a bearish vibe? Wake up, everyone.
Shrinking volume means they're just flying a kite, don't trust any rebound.
The key is whether it can hold above 0.095, otherwise it's like a dead pig unafraid of boiling water.
Is this tug-of-war any fun? Just break the level already and get it over with.
When moving averages are stacked so closely together, it shows the bulls are out of steam.
The shrinking volume is just waiting for a breakout; if it can't break 0.095, it's really pointless.
As long as it holds 0.085, it's fine. If it goes any lower, I'll just accept it.