SYRUP pulls back to $0.5, but there’s an opportunity ahead
2025-07-01 20:14:32
Main Idea
SYRUP's price retraces to $0.5 with weak selling volume, but technical indicators suggest bullish momentum remains intact, with key support levels identified for potential recovery.
Key Points
1. SYRUP retraced to $0.5 after a 98% rally in June, but the selling volume was weak, indicating potential for a rebound.
2. Key support levels are identified at $0.494 and $0.45, which could act as demand zones for buyers.
3. Technical indicators like OBV and RSI show buyer dominance and bullish momentum, supporting a potential upward move.
4. A bearish structure break occurred at $0.556, but a recovery scenario is possible if higher lows are established.
5. Long liquidations have been swept, suggesting SYRUP may be ready to resume its uptrend.
Description
The daily price chart showed that SYRUP bulls remained dominant, and traders can look to buy.
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