The cryptocurrency SYRUP is currently navigating a bearish market, trading at the $0.24 mark. Despite its position, there is potential for a bounce due to the Relative Strength Index (RSI) reading at 31. However, the prevailing pressure from Bitcoin (BTC) is significantly impacting its performance.
Traders should note that SYRUP has critical support established at $0.2328. This level is crucial for maintaining any upward movement in the near term. If this support fails to hold, further declines could ensue.
On the resistance side, the token faces challenges at $0.2448 and $0.3296. These levels will be vital in determining whether SYRUP can indeed stage a recovery or if it will continue to succumb to the bearish trend.
As the market develops, close attention should be paid to both the RSI and Bitcoin”s movements, as they could dictate SYRUP“s trajectory in the coming days. Investors should remain cautious and consider the broader market conditions when making trading decisions.
