CandleFocus BitMEX Founder Backs Smoking Chicken Fish (SCF) Memecoin Despite Price Dip
2024-11-01
Author: Content Editor
Smoking Chicken Fish (SCF) memecoin, which recently gained support from Arthur Hayes, co-founder of BitMEX, has experienced a 5.33% drop in the past 24 hours. Despite this, the price remains at $0.05427, with a market capitalization of $53.85 million. The cryptocurrency reached its all-time high 18 days ago at $0.1463, but is currently down 63.19% from that peak. SCF has faced significant declines in the past seven and 30 days, falling 17.75% and 31.74% respectively. The memecoin is currently facing resistance around $0.071 and would need to break through this level to reach a new all-time high. The Relative Strength Index (RSI) for SCF suggests that bears are in control, although Hayes' support could potentially change the trajectory.
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