‼️SYNUSDT Technical Analysis (4H Chart)
A strong bearish divergence has formed on the 4H chart of SYNUSDT, signaling a price decline in the near future. This divergence is evident in the following:
* Price Action: While the price of SYNUSDT has made higher highs,
* Indicator: RSI has made lower highs, forming a bearish divergence pattern.
This suggests that bullish momentum is weakening, and a reversal to the downside is likely.
Visual Confirmation:
The bearish divergence is further highlighted by the blue trendlines drawn on the chart, which clearly illustrate the diverging paths of the price and the RSI indicator.