Deep Dive
1. Technical Weakness (Bearish Impact)
Overview: SCRT trades at $0.126, below its 7-day SMA ($0.135) and 30-day SMA ($0.171). The RSI-7 (34.51) nears oversold territory but lacks bullish reversal signals. MACD histogram (-0.0017) confirms bearish momentum.
What this means: Traders often interpret prices below key moving averages as a "sell" signal. The lack of bullish divergence in RSI suggests weak buying interest. SCRT’s 24h volume of $3.37M (+6.56%) shows no panic selling but reflects apathy.
What to watch: A sustained break above the 7-day SMA ($0.135) could signal short-term relief.
2. Privacy Coin Pressures (Mixed Impact)
Overview: Privacy coins face headwinds from Bit2Me’s March 2025 delisting of SCRT and regulatory reports linking privacy tools to laundering (ICIJ, 18 Nov 2025).
What this means: While Secret’s tech (Trusted Execution Environments) aims for compliance, the sector remains stigmatized. SCRT’s 30-day drop (-48.34%) outpaces Zcash (-40%) and Monero (-35%), suggesting project-specific risks.
What to watch: Adoption of Secret’s AI privacy partnerships (e.g., Cintara) could counterbalance regulatory fears.
3. Macro Liquidity Drain (Bearish Impact)
Overview: Bitcoin dominance hit 58.47% (up 0.3% in 24h), while total crypto market cap fell 3.4%. Fear & Greed Index sits at 25 (“Extreme Fear”).
What this means: Investors are fleeing altcoins for Bitcoin amid macroeconomic uncertainty. SCRT’s low turnover (0.082) indicates thin liquidity, amplifying downside volatility.
Conclusion
SCRT’s drop reflects technical breakdowns, sector-wide stigma, and a risk-off market. While its privacy/AI use cases offer long-term potential, short-term sentiment hinges on Bitcoin’s stability and regulatory developments.
Key watch: Can SCRT hold its November low of $0.121? A breach could trigger algorithmic sell-offs.