Bear Hand Loses Grip of SYN Market; Bulls Soar Price to 90–Day High
- Bullish influence boosts SYN to a record 90-day high.
- Bears lose ground after the SYN market establishes $1.23 support.
- If bulls hold on, indicators point to a lengthy bull run.
Synapse (SYN) established support at $1.23 after a prolonged bear run in the previous 24 hours. Hence, bulls flooded the market, sending prices to a 90-day high of $1.76 in a few hours. This positive domination remained as of press time, with the price valued at $1.65, an 18.75% increase showing the market’s optimistic outlook.
As a result of this recent bullish catch, trading activity has increased, pushing market capitalization and 24-hour trading volume up by 18.82% and 714.12%, respectively, to $230,323,712 and $55,499,168. As a result of this uptick, investors hope to take advantage of the market’s present positive feeling and ride the wave of momentum.
![SYN/USD 24-hour price chart](https://coinedition.com/wp-content/uploads/2023/02/image-121.png)
Volatility increases as the gap between the upper and lower Keltner Channel bands on the 4-hour price chart widens (1.7044 and 1.1560) respectively. A trader might take advantage of this by entering the market with tight stop-loss orders or increasing their exposure to the m…
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