Secret Price Prediction 2022 — Will SCRT Hit $8 Soon?
- Bullish SCRT price prediction is $5.863 to $7.882.
- The SCRT price will also reach $8 soon.
- SCRT bearish market price prediction for 2022 is $4.539.
In Secret’s (SCRT) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and much other information about SCRT to analyze the future movement of the cryptocurrency.
Secret Current Market Status
According to CoinGecko, the price of SCRT is $5.50 with a 24-hour trading volume of $16,606,501 at the time of writing. However, SCRT has increased nearly 9.3% in the last 24 hours.
Moreover, SCRT has a circulating supply of 161,880,644SCRT. Currently, SCRT trades in cryptocurrency exchanges such as Binance, Mandala Exchange, Huobi Global, Gate.io, and Pionex.
What is Secret (SCRT)?.
A secret is a blockchain network with data privacy for smart contracts by default, allowing users to build and use applications that are both permissionless and privacy-preserving. The secret is the native coin of the secret Network. Nodes on Secret can perform generalizable computations over encrypted data, which allows smart contracts to use private and sensitive data as inputs. Secret Network’s focus is on computational privacy, not just transactional privacy.
Secret (SCRT) Price Prediction 2022
Secret holds the 102nd position on CoinGecko right now. SCRT price prediction 2022 is explained below with a daily time frame.
A descending channel is a chart pattern formed from two downward trendlines drawn above and below a price representing resistance and support levels. The descending channel pattern is also known as a falling channel or channel down. The upper line is identified first, as running along with the highs and is called the trendline. The lower line is identified as parallel to the trendline, running across the bottom. It is a bearish chart pattern defined by trendline support the series of lower lows and a diagonal resistance level connecting the lower highs.
Currently, SCRT is in the range of $5.50. If the pattern continues, the price of SCRT might reach the resistance level of $5.8321. If the trend reverses, then the price of SCRT may fall to $5.052.
Secret (SCRT) Support and Resistance Level
The below chart shows the support and resistance level of SCRT.
From the above daily time frame, it is clear the following are the resistance and support levels of SCRT.
| Resistance Level 1 | $5.863 |
| Resistance Level 2 | $6.468 |
| Resistance Level 3 | $6.948 |
| Resistance Level 4 | $7.882 |
| Support Level 1 | $5.031 |
| Support Level 2 | $4.539 |
The charts show that SCRT has performed a bullish trend over the past month. If this trend continues, SCRT might run along with the bulls overtaking its resistance level at $7.882.
Accordingly, if the investors turn against the crypto, the price of the SCRT might plummet to almost $4.539, a bearish signal.
Secret Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of SCRT is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of SCRT lies below the cutoff line, indicating weaker participants in the current trend.
More so, the SCRT’s Moving Average (MA) is shown in the chart above. Currently, SCRT is in a bearish state. Notably, the SCRT price lies below 50 MA (short-term), so it is completely in a downward trend. Therefore, there is a possibility of a reversal trend of SCRT at any time.
Meanwhile, the relative strength index (RSI) of the SCRT is at level 30.03. This means that SCRT is in a nearly oversold state. However, this means a major price reversal of SCRT may occur in the upcoming days. So, traders need to trade carefully.
Secret Price Prediction 2022 — ADX, RVI
Let us now look at Secret Average Directional Index (ADX). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of Secret. Currently, SCRT lies in the range of 14.129, so it indicates a weak trend.
From the above chart, the Relative Volatility Index (RVI) of SCRT. RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of SCRT lies below the 50 levels, indicating that the direction of volatility is low. In fact, SCRT’s RSI is at 30.03 level thus confirming a potential sell signal.
Comparison of SCRT with BTC, ETH
The below chart shows the price comparison between Bitcoin, Ethereum, and Secret.
From the above chart, we can identify the trend of the ETH, BTC, and SCRT is moving at the same level as the trend. This indicates that when the price of BTC increases or decreases, the price of ETH and SCRT also increases or decreases respectively.
Conclusion
With continuous improvements in the Secret network, we can say that 2022 is a good year for SCRT. For this reason, the bullish price prediction of Secret in 2022 is $7.882. On the other hand, the bearish SCRT price prediction for 2022 is $4.539.
Furthermore, with the advancements and upgrades on the SCRT ecosystem, the performance of SCRT would help to reach above its current all-time high (ATH) $10.38 very soon. But, it might also reach $8 if the investors believe that SCRT is a good investment in 2022.
FAQ
A secret is a blockchain network with data privacy for smart contracts by default, allowing users to build and use applications that are both permissionless and privacy-preserving.
SCRT has listed on many crypto exchanges which include Binance, Mandala Exchange, Huobi Global, Gate.io, and Pionex.
With the ongoing developments and upgrades within the SCRT platform, it has a high possibility of reaching its ATH soon.
On October 28, 2021, SCRT reached its new all-time high (ATH) of $10.38.
Secret (SCRT) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of SCRT in the past few months, SCRT is considered a good investment in 2022.
Secret (SCRT) is one of the active cryptos that continues to maintain its Bullish state. Eventually, if this bullish trend continues then Secret (SCRT) will hit $8 soon.
Secret (SCRT) price is expected to reach $9.7 by 2023.
Secret (SCRT) price is expected to reach $11 by 2024.
Secret (SCRT) price is expected to reach $11.9 by 2025.
Secret (SCRT) price is expected to reach $13 by 2026.
Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
