$SYN bouncing back! Ready for another rally? đđ„
Synapse ($SYN) just pulled off an impressive comeback, bouncing from its lows and now trading around $0.4565. After breaking through key resistance levels near $0.45, it's showing some strength, and the recent surge in volume (1.52M!) is a major green flag. The MACD histogram is slightly positive, hinting that the bulls could be gaining control once again.
Whatâs even more exciting is the price holding above the 25-day and 7-day moving averages. Both short-term MAs are trending upwards, and with the 99-day MA at $0.45, $SYN may soon flip that level into solid support. This could lead to further upward momentum if buyers maintain their pressure. đ„
However, keep an eye on the resistance near $0.50, which could prove to be a tough barrier. If we break through it, the next leg could take $SYN to $0.60 or beyond, but if the bulls lose steam, we might see a pullback to $0.40. The current trend is in favor of an upside, but volatility is still on the horizon!
