Scroll's market momentum is weakening as SCR drops 1.37% over 24 hours, following a brutal 12.5% weekly decline. The pullback stems from multiple headwinds hitting simultaneously.

Liquidity constraints are exacerbating the selloff—major exchange Bithumb has halted deposits and withdrawals, creating a liquidity squeeze that's pressuring prices. On the technical side, the picture looks fragile. SCR has broken below key moving averages, and the RSI sits around 33, signaling oversold conditions yet lacking conviction for recovery attempts.

Broader L2 ecosystem sentiment isn't helping either. The Layer 2 space faces fatigue after an extended rally cycle, with investor appetite cooling across the sector. For SCR holders, the confluence of on-chain restrictions, technical deterioration, and macro L2 headwinds suggests caution until signs of stabilization emerge.