$SYN /USDT EXPERIENCES SHARP DROP, EYES KEY SUPPORT ZONE FOR POTENTIAL BOUNCE
$SYN /USDT has seen a steep decline of -14.31%, currently trading around $0.1335, with a 24h high of $0.1564 and a low of $0.1323. The drop comes amid rising volume, with over 7.39M SYN traded in the last 24 hours, indicating strong selling pressure.
Technical Analysis (15m - 1H Outlook):
The price has broken below short-term supports at $0.1400 and $0.1350, making lower highs and lower lows — a clear sign of bearish momentum. If the current support at $0.1320–$0.1330 fails to hold, we could see further downside toward $0.1280–$0.1250, a previously tested demand zone.
However, if bulls manage to reclaim $0.1380, a short-term reversal could be on the table, potentially targeting $0.1450–$0.1500. Watch for increased buy volume and bullish candlestick patterns near the support zone for confirmation of a bounce.
Conclusion:
The trend is currently bearish, but we are approaching a potential reversal area. Traders should wait for confirmation before entering long, while short-term scalpers may look for continuation below $0.1320.
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