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BitMEX founder Arthur Hayes announces support for Smoking Chicken Fish
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SCF has dropped by a massive 5.33% over the last 24 hours.
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SCF has fallen 63.19% since its ATH of $0.1463, which was seen not long ago.
Arthur Hayes is the co-founder of BitMEX, a crypto derivatives trading platform. He has backed Smoking Chicken Fish memecoin (SCF). The cryptocurrency has still dropped by 5.33% over the last 24 hours.
According to CoinMarketCap data, SCF is currently trading at $0.05427. It has a market capitalization $53.85m and a trading volume $5.68m. SCF’s highest price was $0.1463 18 days ago. The memecoin has fallen 63.19% since its all-time peak.
Hayes has expressed his support for X and greeted his followers with the phrase “cowabunga”. The cryptocurrency’s price has been declining in the last 24 hours, but Hayes could help push it higher in the near term.
SCF has dropped 17.75% over the last seven days, and 31.74% over the past 30 days. The digital asset has fallen by 4.83% in September and by 44.6% over the last 14 days.
SCF Technical Analysis
Analyzing the SCF price chart, it is clear that the memecoin faces resistance at around $0.071. This price level must be broken for the altcoin to reach a new high.
Read Also: Arthur Hayes, China’s Quantitativeeasing Will Trigger a Bitcoin Surge
The Relative Strength Index for SCF is 42.61, which means the bears control the price of the meme coin. If buyers take control after Hayes’ support, there are high chances of higher prices in the near term.
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