$SYN /USDT Technical Analysis – Breakout Potential Ahead
Current Price: $0.7103
Support Levels:
$0.6980: Immediate support that could hold for potential bullish continuation.
$0.6720: A stronger support zone in case of increased selling pressure.
Resistance Levels:
$0.7540: A critical resistance level; breaking above could trigger strong upward momentum.
$0.7800: A potential upside target if bullish momentum persists.
Trade Strategy:
Bullish Setup:
Entry: Near $0.6980 after confirmation of support holding.
Targets: $0.7540 and $0.7800.
Stop-loss: Below $0.6720.
Bearish Setup:
Short if price breaks below $0.6980.
Targets: $0.6720 and $0.6500.
Stop-loss: Above $0.7050.
Market Insights:
#SYN has shown a 5% gain, supported by rising RSI at 55, indicating moderate bullish momentum. Increased volume signals potential volatility ahead. A breakout above $0.7540 could open doors for further gains, while a breakdown below $0.6980 may lead to a correction.
Stay alert and trade carefully as SYN approaches its critical levels.