SYN PRICE PLUMMETS 15% IN SINGLE SESSION ๐๐ธ
The
$SYN price is experiencing a significant downturn, driven by a lack of macro asset accumulation and a breach of key order blocks ๐. This decline suggests a possible structural breakdown, with the coin's price now hovering around the support zone of ~$0.14321 ๐. The substantial selling volume and momentum acceleration to the downside indicate a bearish trend, with
$SYN likely to test its lower support zone soon ๐.
The current price action of
$SYN is also being influenced by the overall sector structure, with many altcoins experiencing a correction in price ๐. The mid range area of $0.16070 is now acting as a resistance zone, and a break below the current support zone could lead to further downside ๐. The bearish trend is likely to continue unless
$SYN can regain its momentum and break above the resistance zone ๐.
Levels to monitor:
Watching support around $0.14000
Structure suggests resistance near $0.16500
Mid range area: $0.16070
DYOR
Follow for Updates
#SYN #GENERAL_ALTCOIN #CryptoTrending #BinanceSquare