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