Scroll Chain Faces Backlash After Scrapping Security Council
- Security Council Dissolution: Scroll chain's decision to dissolve its security council and transition to a Scroll Admin multisig is expected to be completed within the next 10 days, sparking strong community backlash that reflects accumulated frustrations over project management since the SCR token's launch in 2024.
- Token Underperformance: The SCR token is currently trading at $0.042, down approximately 97% from its all-time high of $1.45 in October 2024, with market capitalization plummeting from $265 million to $8 million, indicating a significant decline in the project's competitive position in the market.
- DeFi Protocol TVL Plummets: Scroll's total value locked in DeFi protocols has dropped from nearly $600 million in October 2024 to just $24 million, highlighting severe challenges in attracting users and capital, with liquidity nearing all-time lows.
- Technical Progress Amid Market Reaction: Despite facing economic setbacks, Scroll has made strides in technical aspects, such as becoming the first ZK chain to achieve Stage 1 decentralization and acquiring Honeypop to bolster its DeFi infrastructure; however, these achievements have not alleviated community dissatisfaction.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for SCR
Technical Sentiment Analysis for Scroll (SCR). As of , Scroll (SCR) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 2 indicators are flashing buy, while 2 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 | 0.0336 | 0.0369 | 0.04 | 0.0433 | 0.0464 | 0.0497 | 0.0528 |
| Fibonacci | 0.0369 | 0.0393 | 0.0408 | 0.0433 | 0.0457 | 0.0472 | 0.0497 |
About SCR
About the author









