#$SYRUP #BinanceLaunchpoolSXT

🚨 SYRUP/USDT Technical Analysis (4-hour Chart) – 2025-05-06 16:36 UTC

SYRUP has shown notable price action in the last few sessions. After a recent dip towards the $0.20 level, the price has stabilized and is currently trading around $0.237.

Key Indicators:

Parabolic SAR: Dots are currently below the candles, suggesting bullish momentum in the short-term.

MACD: Slightly bearish crossover forming, indicating weakening buying pressure.

RSI(14): Currently near 44, which is in the neutral zone but previously touched oversold levels – a potential signal for rebound.

Support Zone: $0.20 – psychological and technical support.

Resistance Zone: $0.265 – if broken, next target could be around $0.29.

Conclusion:

SYRUP/USDT is showing signs of stabilization after a heavy drop. The RSI and SAR indicate possible short-term bullish recovery, but MACD warns of weakening momentum. Caution advised; ideal for scalpers or short-term swing traders.

#CryptoTrading #SYRUP #USDT #