Bybit Remains Silent on Codex v1.16.5 Upgrade, Market Response Muted
- Market Uncertainty: As of January 21, 2026, Bybit has not officially announced support for the Codex v1.16.5 network upgrade, and this lack of announcement may lead to uncertainties regarding stablecoin trajectories on the Ethereum Layer 2 blockchain.
- Competitive Comparison: In contrast to Bybit's silence, other networks like BNB Smart Chain v1.6.5 and Secret v1.23.3 have issued support announcements during the same period, highlighting Bybit's relative lag in the industry.
- Muted Community Response: The community's reaction to the Codex upgrade remains subdued due to the absence of official confirmation from Bybit, with market participants awaiting any potential decisions that could influence trading and stablecoin integration strategies.
- Historical Support Patterns: Bybit's past support for network upgrades typically involves significant governance and Layer 1/Layer 2 assets, and experts suggest that without official confirmation, the current speculation lacks a basis, potentially impacting future business strategies and market alignments.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for SCRT
Technical Sentiment Analysis for Secret (SCRT). As of , Secret (SCRT) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for SCRT stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, SCRT is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Secret (SCRT) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0473 | 0.0641 | 0.08 | 0.0968 | 0.113 | 0.13 | 0.145 |
| Fibonacci | 0.0641 | 0.0766 | 0.0843 | 0.0968 | 0.109 | 0.117 | 0.13 |
About SCRT
About the author
