$SYN Struggles to Hold Support
$SYN is trading at $0.4437, down 5.56% in the last 24 hours. It reached a high of $0.5099 but has been trending lower, testing a low of $0.4373, signaling continued bearish pressure.
Key Levels to Watch:
Resistance: $0.4498 – A breakout above this could signal a short-term recovery.
Support: $0.4373 – Losing this level may trigger further selling.
Trade Setup:
Long Above $0.4500
Target 1: $0.4600
Target 2: $0.4700
Stop-loss: $0.4440
Short Below $0.4370
Target 1: $0.4300
Target 2: $0.4200
Stop-loss: $0.4420
Market Insight:
SYN remains under bearish pressure, trading below the 7-MA ($0.4469), 25-MA ($0.4498), and 99-MA ($0.4576), reinforcing the downtrend. If buyers fail to hold $0.4373, a further slide could follow. A push above $0.4500 might offer a relief bounce. Watch these key levels