$SYN / USDT Showing Signs of Pullback After Massive Surge on Binance 📉
Current Price: 0.2948 USDT
Change: +11.79%
$SYN / USDT on Binance is showing signs of a pullback on the 4-hour chart after the significant bullish surge observed earlier.
Key Observations:
* Recent High (24h): 0.3155 USDT
* Recent Low (24h): 0.2456 USDT
* Volume (24h SYN): 74.83M
* Volume (24h USDT): 20.85M
The price has retraced from the 24-hour high and is currently showing some bearish momentum. The trading volume remains elevated.
Considerations:
* Potential Support Levels: Watch for potential support around previous resistance levels that were broken, such as the 0.28-0.29 USDT area. Further down, the 0.26 USDT level could also provide support.
* Resistance Level: The 24-hour high of 0.3155 USDT is now the immediate resistance.
* Profit Taking: The pullback could be due to profit-taking after the substantial gains.
* Volatility: Expect continued volatility after such a large price movement.
* DeFi Sector: Keep an eye on any specific news or developments related to SYN or the broader DeFi space that might be influencing the price action.
Disclaimer: This is not financial advice. Trading highly volatile assets carries significant risk. Conduct very thorough research and understand the risks involved before making any decisions.
