📊 Technical analysis of SYN currency
🔍 Current situation
- Current price: 0.0999 USDT
- Daily increase rate: +10.63%
- Overall trend: Recovery after a long decline
- Previous highest peak: around 0.40 USDT (in May)
- Recent lowest bottom: near 0.085 USDT (in July)
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📈 Notes from the chart
- The price rebounded from a strong support area near 0.085 USDT.
- There are consecutive green candles, indicating buying momentum.
- The price is approaching short-term resistance at 0.105–0.110 USDT.
- The currency is still in a downward channel in the medium term, but it is trying to break upwards.
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🎯 Potential targets if the rise continues
Expected price target notes🎯 Target 1 0.110 USDT Short-term resistance🎯 Target 2 0.135 USDT Local peak in June🎯 Target 3 0.165–0.170 USDT Strong medium-term resistance🎯 Target 4 0.200 USDT Important psychological and technical target---
🛑 Support areas in case of correction
Support expected price notes🛡️ Support 1 0.090 USDT Support close to the last bottom🛡️ Support 2 0.085 USDT Very strong support🛡️ Support 3 0.075 USDT In case the previous support is broken---
🔮 Future predictions
📌 Positive scenario:
- If the level of 0.110 is firmly broken, we may see a wave of rise towards 0.135 and then 0.165.
- Increased trading volume supports this scenario, especially if the buying momentum continues.
⚠️ Negative scenario:
- If the price fails to exceed 0.110 and reversal candles appear, it may return to test support at 0.090 or even 0.085.
- Breaking 0.085 could bring the price back to lower levels and confirm the continuation of the downward trend.
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🧠 Tips for traders and investors
- Monitor the level of 0.110: it is the key to shifting to an upward trend.
- Use a stop loss below 0.085 to reduce risks.
- Do not enter with the entire capital at once—divide your entry into stages.