🔻 $SYRUP Dips 5.3% After Rejection at $0.68 — Is This Just a Cooldown or a Deeper Pullback?
#SYRUP had a solid bounce last week, but today’s -5.33% drop has traders watching closely as it cools off from its local high at $0.6808.
📉 Key Takeaways:
• Price is now sitting around $0.5049, right at the 25-day MA ($0.4898) — a crucial short-term support level
• Still above the 7-day MA ($0.5179), but momentum is fading
• Volume has started tapering off after the big spike, signaling reduced buying pressure
⚠️ If it breaks below the $0.48–$0.50 support range, it could revisit the $0.44 zone — where the last base was formed.
📌 On the flip side, reclaiming $0.54+ with strong volume could reignite bullish momentum.
Right now, it’s a wait-and-watch moment. Consolidation or trap — we’ll know soon.
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