Scroll Becomes Binance's First Pre-Market Project
- Binance's First Listing: Scroll (SCR) is positioned as Binance's first pre-market listing project, creating a high-visibility moment in the market and closely tied to Launchpool distribution mechanics, with trading set to begin on October 11, 2024, at 10:00 (UTC).
- Market Valuation Dynamics: Although reports suggest a valuation of $8.16 for Scroll, this figure remains unconfirmed, with CoinGecko currently listing SCR at approximately $0.04345885 and a market cap around $8.26 million, alongside a 24-hour trading volume of $2.77 million, indicating market sensitivity.
- Liquidity Monitoring Importance: The liquidity and volume of SCR during the first trading window will be crucial monitoring points, particularly whether the 24-hour volume can sustain after the initial listing wave, as any significant drop could amplify slippage risks in a small-cap structure.
- Market Sentiment Volatility: Current market sentiment is uneven, and the ability of SCR to hold near the $0.04345885 price point will be key for confirming its future performance, especially against the backdrop of volatility in other assets like Bitcoin, which may influence reactions to new listings.
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Technical Analysis for SCR
Technical Sentiment Analysis for Scroll (SCR). As of , Scroll (SCR) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 1 indicators are flashing buy, while 6 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for SCR 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, SCR 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 $-.
Scroll (SCR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0347 | 0.0377 | 0.0405 | 0.0435 | 0.0463 | 0.0494 | 0.0522 |
| Fibonacci | 0.0377 | 0.0399 | 0.0413 | 0.0435 | 0.0458 | 0.0471 | 0.0494 |
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