๐ Can SYN reach $0.80 this year?
#btc #syn #bitcoin #btc #bullrun
โ Yes, $0.80 this year is possible but requires:
A strong DeFi narrative comeback.
Bitcoin holding above $80K+ to sustain altseason.
SYN breaking key resistance at $0.30 โ $0.50 before $0.80.
SYN is one of the undervalued DeFi gems, massively down from highs but with strong fundamentals in cross-chain bridging. If DeFi runs again, SYN could easily be among the top rebounders in 2025.
Price: $0.1500 (+6.23% today).
24h High/Low: $0.1536 / $0.1361.
24h Vol: 27M SYN (~$3.9M USDT).
Trend: Strong bounce from $0.1395 base, currently testing MA(25) resistance at $0.1501.
Moving Averages
MA(7): $0.1515 โ immediate resistance.
MA(25): $0.1501 โ current test.
MA(99): $0.1426 โ strong support zone.
Performance
7 Days: +10.71%
30 Days: +1.63%
90 Days: โ31.86%
180 Days: โ54.63%
1 Year: โ73.87%
(๐ SYN has been heavily beaten down, but this also means it has a lot of room to recover).
๐ Why SYN Has Upside Potential
DeFi Cross-Chain Bridge โ Synapse is one of the top protocols for cross-chain swaps and liquidity bridging (ETH, AVAX, BSC, etc.).
Oversold Levels โ Down 73% YoY, so risk/reward is favorable if the DeFi sector revives.
Liquidity & Volume โ $27M daily volume is healthy for a mid-cap altcoin.
Bull Cycle Catalysts โ If DeFi comes back into spotlight (like in 2021), SYN could benefit strongly as bridges become essential.
Community Support โ Strong following and established protocol compared to newer "hype" coins.
๐ฏ Price Potential
Short-Term (this year):
Likely range: $0.30 โ $0.50 (โ2โ3ร).
Bullish Case:
If DeFi hype really returns in 2025, SYN could test $0.80 again (โ5ร from now).
Full Recovery (multi-year):
In a strong bull market, retesting $1โ$2 (its previous highs) is possible.