SYRUP pulls back to $0.5, but there’s an opportunity ahead

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.