Chart Analysis of $SYN (1-Hour Time Frame)

1. Current Price and Performance:

The current price of $SYN is $0.2601, showing a significant +19.75% increase in the past 24 hours.

2. Price Movement:

24h High: $0.3121

24h Low: $0.1995

The price recently experienced a strong bullish breakout, moving from around $0.20 to a peak of $0.3121, followed by a correction back to the $0.26 level.

3. Volume:

24h Volume (SYN): 78.73M

24h Volume (USDT): 20.58M

This indicates strong trading activity, which often supports significant price movement.

4. Candlestick Patterns:

A massive green candle indicates a breakout or news-driven pump.

Followed by several volatile candles showing high buying and selling pressure.

The latest red candles suggest short-term profit-taking or resistance at higher levels.

5. RSI (Relative Strength Index):

RSI(6): 52.84

The RSI has dropped from overbought levels and is now in a neutral zone, indicating the price is no longer overextended and could consolidate or prepare for the next move.

6. Support & Resistance:

Support: Around $0.2348 and $0.2069 (previous consolidation and breakout levels).

Resistance: Immediate resistance at $0.2906–$0.3121 zone.

Conclusion:

The SYN/USDT chart shows a strong bullish move followed by a pullback. The RSI is stabilizing, and volume remains high. Traders should watch for either consolidation or another push toward the resistance zone. A break above $0.3121 could signal further upside, while a drop below $0.2348 might indicate a deeper correction.

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