- BitMEX co-founder Arthur Hayes introduced his help for Smoking Rooster Fish (SCF).
- SCF collapsed by 5.33% within the final 24 hours.
- SCF is down 63.19% from the ATH seen not way back at $0.1463.
The Smoking Rooster Fish (SCF) memecoin has obtained help from Arthur Hayes, co-founder of crypto derivatives buying and selling platform BitMEX. Regardless of this, the cryptocurrency fell by 5.33% within the final 24 hours.
In keeping with information from CoinMarketCap, SCF is buying and selling at $0.05427, with a market cap of $53.85 million and a buying and selling quantity of $5.68 million. The cryptocurrency's all-time excessive occurred 18 days in the past, when SCF hit $0.1463. Memecoin is at the moment down 63.19% from its all-time excessive.
Hayes expressed his help for the mission on X, greeting his supporters with “cowabunga.” The cryptocurrency has been bearish over the previous 24 hours, however help from Hayes might ship the worth larger within the quick time period.
It is very important observe that SCF is down 17.75% over the previous seven days and 31.74% over the previous 30 days. The digital asset is down 4.83% since September and 44.6% over the previous 14 days.
SCF Technical Evaluation
An evaluation of the SCF value trajectory reveals that memecoin is dealing with resistance round $0.071. To succeed in a brand new all-time excessive, the altcoin should cross this value stage.
Additionally Learn: Arthur Hayes: China's Quantitative Easing Will Set off Bitcoin Worth Surge
The relative power index (RSI) for SCF signifies a worth of 42.61, which implies that the bears are accountable for the worth motion of the meme coin and the probabilities of reaching larger highs within the close to future are appreciable if consumers take management after Hayes' help.
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