Here's a technical analysis of the $SYN /USDT chart on the 15-minute timeframe based on the image:
Price Overview:
Current Price: $0.2677
24h Change: +22.74%
24h High / Low: $0.3121 / $0.1995
Trend & Price Action:
Trend:
Strong bullish breakout from around $0.1995 to a peak of $0.3121.
Currently in a retracement phase, stabilizing around $0.2677 after a pullback.
Candlestick Behavior:
Big green candles from $0.20 indicate a high momentum breakout.
The peak at $0.3121 is followed by a sequence of red candles—indicating profit-taking or resistance.
Last few candles show sideways movement, signaling consolidation near $0.2677.
Support & Resistance:
Support Zones:
Around $0.2430 – minor support from previous consolidation.
$0.2186 and $0.1995 – key breakout and base zones.
Resistance Levels:
$0.2930
Strong resistance at the local top $0.3121
Volume & Volatility:
24h Volume: 65.64M SYN — relatively strong.
High volume accompanied the breakout, indicating buying interest, though it’s tapering off slightly in the pullback.
Indicators to Watch (based on patterns):
RSI (if added): Likely cooled off after being overbought during the surge.
MACD: May be turning downward but could cross again if consolidation breaks bullish.
Moving Averages: Price still likely above short-term EMAs, keeping short-term bias bullish unless breakdown below $0.243.
Conclusion:
Short-Term Bias: Slightly bullish but cautious — needs to hold above $0.243 for another move up.
Watch For:
A bounce from $0.267 or $0.243 with volume = potential re-test of $0.30+
Breakdown below $0.243 = possible fade to $0.218 or lower.
