Script Network - SCPT Retouches Previous High

As we head into the final days of the year, Script Network (SCPT) is catching the eyes of traders with a notable breakout (we hope leads into a rally) that's carving a path on the charts. The digital currency, which operates within the dynamic sphere of blockchain-based video delivery, has been trading within an ascending channel, indicating an underlying bullish sentiment. Recently, however, SCPT has broken out from a symmetrical triangle pattern, a classic chart formation that often precedes significant price moves. This breakout is particularly compelling as it suggests a culmination of built-up trading pressure and a potential shift in market dynamics.

Underscored by an increase in trading volume, reinforcing the breakout's legitimacy and hinting at a strong buyer conviction. After a period of consolidation, which allowed SCPT to gather momentum within a tightly wound range, the currency has now surged past key resistance levels, sparking excitement among investors. This move is further supported by technical indicators; the Bollinger Bands have begun to widen following the period of contraction, and the Parabolic SAR has positioned itself below the price action, aligning with bullish trends. As SCPT ascends, market participants will be closely monitoring the sustainability of this rally, looking for signs of continuation or reversal in the sessions ahead.

Note the following:
- Mainnet is slated to occur in January
- Staking is likely to occur after mainnet launch
- Vesting unlocks occur on/around the 19th for pre-sale/launchpad investors
- End of January (approximately) the network launches to 100M Samsung devices
- They currently have 10,000+ holders across MEXC, KuCoin, & Bitget w/ another 12 listings lined up for 2024 (team had 15 offerings prior to launch)
- Price at launch: $0.06 cents USD

BIG-BLACK-CRYPTO

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