Current price $SYN on Binance — 0.06438 USDT. Over the last 24 hours, the token skyrocketed by +25%, trading volumes surged sharply, indicating a spike in interest. RSI(14) at 63.21 — moderate strength zone, not yet overbought (70+), but already close to the market starting to 'cool down' after the impulse.
Analytics:
Synapse is a cross-chain bridge and liquidity protocol that has recently integrated with new ecosystems (including SDK updates and partnerships). Such pumps are often associated with news, listings, or an overall alt-season. However, after a +25% increase in one day, there is a high probability of a pullback/profit-taking. Key levels: support ~0.058–0.060, resistance 0.070–0.074. If we hold above 0.062 and break 0.070 — we expect continued growth to 0.085+. If there is a pullback below 0.060 — a test of 0.055–0.058 is possible.
Trading plan (spot/low leverage):
Bullish scenario (currently the main one):
Entry: $SYN 0.062–0.064 (on a pullback or current level).
TP1: 0.072 (+12–15%), TP2: 0.085 (+30–35%).
SL: 0.061 (≈4–5% of the entry, considering volatility).
Bearish scenario (if it breaks down):
Short entry: $SYN below 0.060.
TP: 0.055–0.052.
SL: 0.065 (≈4–5%).
Recommendation: use no more than 1–3% of your deposit per trade — SYN is very volatile! Upon reaching +10–15%, move the SL to break-even or trailing. This minimizes risks.
Outlook for the coming days/weeks: the bullish sentiment remains as long as we hold above 0.060 and the market is rising. But be cautious — pumps often end with a correction.
What do you think: will it continue to rise or pull back? Share your predictions in the comments! 🔥
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