SYRUP’s price has retraced to 0.5 USD, after a substantial 98% increase over the past month. Technical analysis indicates important support at 0.494 USD and 0.45 USD. The price’s recent dip may indicate a solid buying opportunity around the 0.5 USD mark.
Despite recent bearish behavior in smaller timeframes, momentum indicators like OBV and RSI point towards potential bullish movement. Traders are encouraged to wait for signs of reversal before entering the market, ensuring higher low formations to confirm a bullish trend.
Leave a Reply