Technical Analysis Report for $SYRUP /USDT

The SYRUP coin has shown impressive performance, currently trading at $0.3993, marking a notable increase of 7.66% over the past twenty-four hours. The upward momentum is gaining clear traction as the price rises from its low of $0.3649 to test its high of $0.4098 within 24 hours, indicating strong buyer interest. With 75.16 million SYRUP coins traded, liquidity has increased, and bulls are dominating the market. This rise may pave the way, surpassing resistance levels around $0.38-$0.40, towards the next psychological level at $0.42 and beyond, especially if the momentum continues to build during the upcoming trading sessions.

On the technical front, the price shows higher lows and strong support in terms of trading volume, suggesting the potential for the upward trend to continue. The short-term price structure on the 15-minute to 4-hour time frames indicates accumulation, with a strong rebound for SYRUP from daily support levels. Depth levels indicate moderate resistance ahead, but breaking the $0.4207 level and sustaining above it would confirm an upward breakout. For adventurous traders, this is an ideal situation with strong upward potential and market sentiment supporting this move.