BitMEX founder helps smoking rooster fish (SCF) memecoin regardless of value drop

• BitMEX co-founder Arthur Hayes introduced assist for Smoking Hen Fish (SCF).
• SCF has fallen by a large 5.33% within the final 24 hours.
• SCF is 63.19% decrease than ATH, which was not too long ago witnessed at $0.1463.

Memecoin Smoking Hen Fish (SCF) has acquired assist from Arthur Hayes, co-founder of crypto derivatives buying and selling platform BitMEX. Regardless of this, the cryptocurrency has fallen by 5.33% within the final 24 hours.

In response to 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 reached $0.1463. Memecoin is presently down 63.19% from its all-time excessive.

Hayes expressed his assist for the venture on X, greeting his followers “cowabunga”. The cryptocurrency has been bearish over the previous 24 hours, however Hayes' assist may push the worth greater within the quick time period.

It is very important word that SCF has fallen 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

SCF's value trajectory evaluation exhibits that memecoin is going through resistance round $0.071. The altcoin wants to interrupt by way of this value degree to achieve a brand new all-time excessive.

Additionally Learn: Arthur Hayes: China's Quantitative Easing Will Spark Bitcoin Worth

The Relative Energy Index (RSI) for SCF is at 42.61, which implies that bears are in command of the meme coin's value motion, and the probabilities of greater highs within the close to future are excessive if consumers take management after Hayes' assist.