- BitMEX co-founder Arthur Hayes introduced assist for Smoking Rooster Fish (SCF).
- SCF has plunged by 5.33% previously 24 hours.
- SCF is down 63.19% from its ATH of $0.1463 witnessed some time in the past.
The Smoking Rooster Fish (SCF) memecoin was backed by Arthur Hayes, co-founder of cryptocurrency derivatives buying and selling platform BitMEX. Nonetheless, the cryptocurrency has fallen by 5.33% previously 24 hours.
Based on information from CoinMarketCap, SCF is buying and selling at $0.05427, with a market cap of $53.85 million and buying and selling quantity of $5.68 million. The all-time excessive for the cryptocurrency occurred 18 days in the past, when SCF reached $0.1463. Memecoin is at the moment down 63.19% from its all-time excessive.
Hayes expressed his assist for X's venture, greeting his followers with “Kowabunga”. The cryptocurrency has turned bearish over the previous 24 hours, however Hayes' assist may push costs greater within the brief time period.
You will need to be aware that SCF has fallen -17.75% previously 7 days and -31.74% previously 30 days. The digital asset has fallen 4.83% since September and 44.6% previously 14 days.
SCF technical evaluation
Analyzing the SCF worth trajectory reveals that Memecoin is going through resistance close to $0.071. To make a brand new all-time excessive, the altcoin might want to break via this worth stage.
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The Relative Power Index (RSI) worth of SCF is 42.61, which signifies that the bears are in command of the memecoin worth motion and if consumers take management with assist from Hayes, it may attain even greater costs within the close to future. This implies that there’s a very excessive risk that will probably be connected.
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