📉 $SYRUP /USDT Still in a Strong Downtrend
$SYRUP is trading around $0.1371 on the 4H timeframe, showing a prolonged bearish structure after falling from the $0.2619 high. Despite a small bounce from the recent low near $0.1347, buyers have yet to demonstrate enough strength to reverse the trend.
🔍 Technical Highlights:
🔻 Clear pattern of lower highs and lower lows
🔻 Price remains below key moving averages
🔻 RSI near 32, approaching oversold territory
🔻 Weak recovery attempts continue to face selling pressure
🎯 Key Levels to Watch:
• Support: $0.1347
• Next Support: $0.1280
• Resistance: $0.1450 - $0.1560
• Major Resistance: $0.1840
📊 The chart suggests sellers remain in control, although the oversold RSI could support a short-term relief bounce. For a meaningful trend reversal, bulls need to reclaim the $0.156 area and establish higher highs.
⚠️ Until key resistance levels are recovered, rallies may continue to face selling pressure within the broader downtrend.