$SCRT (Secret Network) – Short Analysis
Overview:
Secret Network (SCRT) focuses on privacy-preserving smart contracts, enabling encrypted data usage on-chain. This makes it attractive for DeFi, NFTs, and Web3 apps that require confidentiality.
Market Structure (Short-Term):
SCRT is showing gradual recovery momentum, forming higher lows on the short timeframe.
Price action suggests accumulation, with buyers stepping in after minor pullbacks.
Volume remains moderate, indicating steady but cautious interest.
Technical Outlook:
Bullish bias as long as price holds above key support.
A clean breakout above near-term resistance could trigger short-term upside continuation.
Failure to hold support may lead to sideways consolidation.
Fundamental Note:
Growing demand for on-chain privacy keeps SCRT relevant, especially as regulations and data security concerns increase.
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