Attention, crypto-family! 🚨 We're keeping an eye on $SYRUP /USDT, which today brings us a drop of -6.47%. A movement to watch closely! 📉
The current price is $0.3613, quite below its 24h high of $0.3936. The recent low was $0.3435, a level that could be key for finding support!
The moving averages give us clues: the MA(7) is at $0.3597 and the MA(25) at $0.3611. We're flirting with these averages, suggesting that there is a battle between bulls and bears in the short term. The MA(99) at $0.3689 will be an important resistance to overcome if we want to see a trend change!
The 24h volume of SYRUP is 50.98M, and that of USDT is 18.62M. There is liquidity, but the market is at a point of indecision, with slight bearish pressure for now.
The order book shows a slightly higher supply than demand (72.24% supply), confirming that selling pressure is present. This is where manipulation comes into play! Big players may be taking advantage of this indecision to accumulate or scare off retail traders. Don't panic if we see sharp movements; it could be a strategy to liquidate stops!
What can we expect? SYRUP is in a delicate zone. If it manages to hold above the 24h low ($0.3435) and recovers the moving averages, we could see an attempt at recovery. However, if it loses that support, we might look for lower levels.
For traders, patience is key. A confirmation of support or a clear breakout upward would be a safer signal. Don't rush; the market can be treacherous! Remember, in these scenarios, manipulation aims for you to make impulsive decisions! HODL wisely or enter with strategy!
Stay tuned for the upcoming moves and manage your risk intelligently!
