$SYRUP
Current price: $0.2138
Recent low: $0.1957
Previous resistance: $0.2457
Increasing volume: strong signal of buyer interest.
Technical Analysis
1. Short Trend (15min):
There was a reversal after a strong drop to $0.1957. Since then, the price has been recovering with consecutive bullish candles and increasing volume.
2. Immediate support:
$0.2040 – consolidation area before the new high.
$0.1957 – stronger low, base for stop in case of entry.
3. Nearby resistance:
$0.2152 (current area) and further up $0.2262 and $0.2372 (potential short-term targets).
Trend lines and interpretation
Support line drawn at $0.1957, where there was the low and immediate reaction.
Short resistance line at $0.2152, which is being tested at this moment.
If it breaks strongly and with volume, there is potential to reach $0.2262 quickly.
Recommendations
Situation: SHORT-TERM BUY OPPORTUNITY
The reversal is confirmed with volume.
Good risk-return ratio if entering between $0.2130 and $0.2150 with a stop below $0.2040.
Targets: $0.2260 and $0.2370.
Summary
SYRUP/USDT is in clear recovery after strong selling and shows strength for a possible short-term rally. If the volume remains, we may see a continuation of the rise in the coming hours. Ideal for attentive traders.