📈 Analysis and forecast for $SYN on Binance: what's next? 📉
At 12:53 EEST, July 9, 2025, the rate of $SYN on Binance is $0.12, showing an impressive growth of 34% over the past 24 hours. This spike reflects explosive interest in Synapse, a protocol for cross-chain compatibility that is actively developing in the DeFi ecosystem. The increase in trading volume highlights community activity.
Technically, $SYN is in a strong upward trend. On the 4-hour chart, the 50-day SMA has crossed the 200-day from bottom to top, signaling a powerful bullish momentum. The RSI (14) at around 70 is close to the overbought zone, indicating potential for growth but requires caution. Key resistance is located at $0.13, a breakout of which could open the way to $0.15. Support is observed at $0.11, below which is $0.10. Holding above $0.12 supports the current momentum.
Forecast: In the coming days, SYN may test the resistance at $0.13, with a chance to rise to $0.15 by mid-July 2025 if the hype is maintained. By the end of 2025, growth to $0.50–$0.70 is possible if the ecosystem continues to develop and TVL increases. The long-term outlook for 2030 is $2.00+, assuming mass adoption and new partnerships. Risks include correction due to volatility and competition in the cross-chain solutions sector. Nevertheless, the current dynamics look promising.
Outlook? A growth of 34% and a price of $0.12 are close to the resistance at $0.13. Buying at $0.11 with a target of $0.15 and a stop-loss at $0.10 may be justified. SYN stands out due to its role in cross-chain technologies and support from Binance, attracting investors. Community activity highlights the speculative potential.
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