Date: Thu, Aug 21, 2025 | 08:56 AM GMT
The cryptocurrency market is bouncing back from its recent dip as Ethereum (ETH) reclaims $4,300, registering a 3% daily gain. This upside momentum is spilling over into altcoins , with Scroll (SCR) emerging as one of the notable movers.
SCR surged by an impressive 14% today, and its chart is now flashing a bullish technical setup that strongly resembles the breakout structure seen in Bio Protocol (BIO) in this week.
Source: Coinmarketcap
SCR Mirrors BIO’s Breakout Structure
BIO provides a valuable fractal reference. After forming a falling wedge pattern breakout—a well-known bullish reversal signal—BIO consolidated beneath a red-marked resistance zone before reclaiming multiple resistance levels. The breakout fueled a powerful 124% rally in just weeks.
BIO and SCR Fractal Chart/Coinsprobe (Source: Tradingview)
Now, SCR is beginning to trace a similar path.
The token has broken out of its falling wedge pattern and has established a support foundation around the red zone at $0.347. Currently, SCR is trading above that level at $0.41, signaling strength in its price structure.
What’s Next for SCR?
If the fractal continues to play out, holding this $0.357 support zone could serve as the springboard for the next rally leg. The next major resistance lies near $0.692, which would represent an 85% upside from current levels.
However, traders should remain cautious. A dip back below the red zone support could invalidate the bullish setup and push SCR into deeper consolidation.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
