$SYRUP /USDT TECHNICAL ANALYSIS: BULLISH REVERSAL UNDERWAY WITH POTENTIAL TO BREAK ABOVE $0.5400
$SYRUP /USDT pair is showing strong bullish momentum, up +13.83% in the last 24 hours, currently trading at $0.5266. It touched a 24h high of $0.5283 and a low near $0.4621, indicating a solid recovery from recent lows. The rally is supported by significant trading volume — 78.89M SYRUP and $38.47M in USDT, pointing to strong buyer interest.
Key Technical Levels:
Support Zones:
First support near $0.5200,
Stronger demand area at $0.5000 – $0.4800.
These levels are acting as a launchpad for the current upward move.
Resistance Ahead:
Immediate resistance at $0.5400,
A successful breakout could lead price toward $0.5600 – $0.5800 range.
Trend Outlook:
The pair is forming higher lows on the 1H chart, signaling bullish trend formation.
The buying pressure is consistent, and no major rejection has occurred at resistance yet.
Market Outlook:
If SYRUP can hold above $0.5200 and break through $0.5400, we may see a continuation of this rally. However, if rejected, a healthy pullback to $0.5000 – $0.4800 could offer a solid buying opportunity.
Trend Bias: Bullish
Breakout Level: $0.5400
Short-term Target: $0.5600 – $0.5800
Support for Pullback: $0.5000 – $0.4800
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