$SYRUP just faced a sharp correction, but what follows next could be a rebound worth catching. After dropping nearly 9% today, the coin has started to show the first signs of recovery. The volume remains strong, and the 15-minute chart hints at a short-term reversal forming right above its local low.

Market Overview

Syrup touched a 24-hour low of 0.3727 USDT before bouncing back to the 0.3817 zone. It faced strong resistance near 0.4268 earlier but now seems to be stabilizing after heavy sell pressure. The price has begun forming higher lows on short intervals, showing early accumulation signs by traders anticipating a rebound.

Technical Outlook

The 15-minute chart shows a bullish rejection candle at 0.3727, which signals strong demand around that zone. The next resistance sits at 0.3969, and a clean break above that could open the way toward 0.41 and higher. RSI is recovering from oversold territory, and MACD is close to flipping bullish.

Trade Setup

Entry Point (EP): 0.3800 – 0.3820

Target Point (TP):

• TP1: 0.3960

• TP2: 0.4100

• TP3: 0.4260

Stop Loss (SL): 0.3710

Reasons

• Strong bounce from 0.3727 support zone

• Oversold RSI suggesting potential reversal

• Increased trading volume showing fresh buying interest

• MACD nearing a bullish crossover on lower timeframes

Let’s go Trade now $SYRUP !