SYN/USDT is facing a strong sell-off.
The price is 0.1247 USDT, down 6.73% and is trading just above its 24-hour low of 0.1243. This indicates intense selling pressure and a lack of buyer support.
Key technical observations:
· The price has fallen sharply below its key moving averages (MA(7), MA(25), and MA(99)), confirming a breakdown of the short-term bullish structure.
· Trading volume is significantly lower than its 5 and 10-day averages, suggesting the sell-off lacks momentum but also that buyers are not stepping in.
· The asset is testing a critical support level at the 0.1243 low.
Verdict: The trend has turned bearish in the short term. A break below the 0.1243 support could lead to a further drop toward the next support near 0.1229. The overall momentum is negative.$SYN