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.
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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