Synapse (SYN) has recently exhibited a notable bullish trend against Tether (USDT). As of February 9, 2025, SYN is trading at approximately $0.348, reflecting a 13.32% increase from the previous close. The day's trading range spans from a low of $0.306 to a high of $0.354.
Factors Contributing to the Bull Run:
Technical Breakout: Analysts have identified a confirmed bull run for SYN/USDT, with a current price around $0.3615. Suggested entry zones are between $0.3500 and $0.3650, targeting price points of $0.3800 and $0.4000.
Increased Trading Volume: The 24-hour trading volume for SYN has reached approximately $10.8 million, indicating heightened market activity and investor interest.
Market Sentiment: Positive sentiment surrounding SYN's interoperability solutions and recent developments has contributed to its upward price movement.