$SYN /USDT Analysis
Current Price: $0.6906 (+10.94%)
24H High: $0.7115
24H Low: $0.6118
Volume (24H): 19.54M SYN / 13.04M USDT
Technical Indicators:
1. MACD:
MACD: 0.0024
Signal Line: 0.0058
Histogram indicates decreasing momentum, suggesting a potential cooldown in the trend.
2. Moving Averages (MA):
MA(5): 197,114.2
MA(10): 187,995.0
Short-term averages are above long-term averages, indicating bullish momentum, but a slight convergence signals caution.
3. Volume:
A significant spike in volume earlier aligns with the price rally to $0.7115, but a decrease now suggests possible profit-taking.
Key Levels:
Resistance: $0.7115
Support: $0.6678 and $0.6475
Strategy Insight:
The recent pullback from $0.7115 might signal consolidation before the next move.
Monitor if the price holds above $0.6678 to confirm support.
A break above $0.7115 could push SYN toward new highs.
