Secret Network Technical Analysis: Rallies 18% Above $1.20

Secret Network crypto buyers are upbeat after today’s bullish breakout above $1.20. If traders double down, the SCRT token may soar to $1.56 and later $2.16. Past Performance of the Secret Network The Secret Network token is up double digits, adding 18 percent in the last trading day alone. From the SCRT coin formation in the daily chart, prices are breaking higher after a brief consolidation. Notably, bulls appear reinvigorated, and the uptrend momentum is picking up. The primary support, at spot rates, stands at $0.82. Secret Network Technical Analysis SCRT token buyers appear confident, reading from the candlestick arrangement in the daily chart. After a lull that saw the coin drop 83 percent from April 2022 highs, today’s bullish engulfing bar can shape the short-term trajectory. Accordingly, traders can buy on dips in a breakout formation pattern from the BB squeeze, targeting $1.56 and later $2.16. Meanwhile, any break below the double bottom printed in June and July at $0.82 nullifies this bullish preview, allowing bears of the first half of June to flow back. In that case, the SCRT token would slump to register new 2022 lows. What to Expect from SCRT? Traders are bullish, and Secret Network coin prices are recovering after a deep correction in H1 2022. The SCRT technical analysis in the daily chart shows that the token may more than double to $2.16 in the medium termThe post Secret Network Technical Analysis: Rallies 1...