The current setup is weak or too risky to treat as an attractive buy right now.
In the current Bear Volatile regime, the best-fit approach is Capital preservation / avoid chasing reversals. Downtrend pressure is being reinforced by unstable price action, which makes capital preservation and patience more important than trying to catch sharp countertrend moves.
Scrap support and resistance levels highlight key price zones where buyers and sellers are most active. This section helps identify likely breakout areas, pullback support, overhead resistance, and the current trading range so you can evaluate trend continuation, reversal risk, and near-term crypto price direction.
| Level | Zone | Strength |
|---|---|---|
| Support 1 | $0.002383 - $0.002605 | |
| Support 2 | $0.001894 - $0.002032 | |
| Support 3 | $0.001717 - $0.001869 | |
| Support 4 | $0.001518 - $0.001712 | |
| Resistance 1 | $0.002879 - $0.002957 | |
| Resistance 2 | $0.002999 - $0.003288 | |
| Resistance 3 | $0.003313 - $0.003506 | |
| Resistance 4 | $0.003570 - $0.003678 | |
| Active 1 | $0.002700 - $0.002778 |
SCRAP clears the resistance zone at $0.002879 - $0.002957 and holds above it. That would strengthen the breakout case and shift attention to $0.002999 - $0.003288.
SCRAP loses the support zone at $0.002383 - $0.002605. That would weaken the setup and open the way toward $0.001894 - $0.002032.
SCRAP continues trading between $0.002605 and $0.002879. In that case, range-trading conditions remain active.
Technical indicators help summarize trend, momentum, volatility, and key price levels. They should not be used in isolation, but they can help identify whether a coin is trending, ranging, overextended, or approaching an important support or resistance level.
| Indicator | Value | Signal | Interpretation |
|---|---|---|---|
| SMA50 | $0.002937 | Bearish | SCRAP is trading below the 50-day average. |
| SMA200 | $0.003226 | Bearish | SCRAP remains below the long-term trend line. |
| EMA50 | $0.002903 | Bearish | SCRAP is trading below the 50-day exponential average, which weakens the recent trend. |
| EMA200 | $0.003325 | Bearish | SCRAP is below the 200-day exponential average, which keeps the longer-term structure under pressure. |
| RSI (14) | 48.27 | Neutral | RSI (14) is at 48.27, which keeps momentum in a balanced range. |
| Stoch RSI (14) | 100.00 | Overbought | Stoch RSI (14) is high at 100.00, which shows momentum is pressing near its recent upper extreme. |
| MACD | -0.00009062 | Bullish | MACD is above its signal line. |
| ATR | 2.18% | Volatile | Volatility is above its 180-day median. |
| VWMA | $0.002530 | Bullish | Price is above the volume-weighted average. |
| Commodity Channel Index (20) | 3.52 | Neutral | CCI (20) is at 3.52, which keeps price relatively close to its recent average. |
| Awesome Oscillator (5, 34) | $-0.0002237 | Bearish | Awesome Oscillator is below zero at $-0.0002237, which supports bearish momentum. |
| Williams Percent Range (14) | -40.88 | Neutral | Williams Percent Range (14) is at -40.88, which keeps price in the middle of its recent range. |
| Bull Bear Power (13) | $0.00007657 | Bullish | Bull Bear Power (13) is positive at $0.00007657, which suggests buyers are controlling price relative to the EMA baseline. |
| Ultimate Oscillator (7, 14, 28) | 73.86 | Overbought | Ultimate Oscillator is elevated at 73.86, which suggests multi-timeframe momentum may be overheated. |
| Hull Moving Average (9) | $0.002789 | Bearish | SCRAP is trading below the Hull Moving Average (9), which weakens the near-term trend. |
| Ichimoku Cloud B/L (9, 26, 52, 26) | $0.002728 | Bullish | SCRAP is trading above the Ichimoku base line, which supports bullish structure. |
Over the past 7 days, Scrap price was most positively correlated with the price of Celestia (TIA), Bittensor (TAO), Injective (INJ), Polkadot (DOT) and Internet Computer (ICP) and most negatively correlated with the price of Beldex (BDX), APENFT (NFT), LEO Token (LEO), Nexo (NEXO) and Canton (CC).
| Name | Correlation |
|---|---|
| Celestia | 0.915 |
| Bittensor | 0.889 |
| Injective | 0.869 |
| Polkadot | 0.857 |
| Internet Computer | 0.856 |
| Name | Correlation |
|---|---|
| Beldex | -0.690 |
| APENFT | -0.685 |
| LEO Token | -0.531 |
| Nexo | -0.520 |
| Canton | -0.481 |
Scrap price is positively correlated with the top 10 coins by market cap with a price of 0.577, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.413. Currencies that are positively correlated with Scrap indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with Scrap, a move in one direction for Scrap would translate into a move in the opposite direction for the negatively correlated coin.
