Home
News
- 1 The technical parameters of the Syncus coin price suggest the continuation of the downtrend, reliant on the seller’s surge.
- 2 The Syncus coin price action highlights a bearish view at the time of publishing, as it recently slumped from a pivotal supply level.
Syncus DAO seeking to transform the DeFi ecosystem by combining treasury-token dynamics with protocol taxes to achieve long-term growth. It promotes the benefits of holding onto investments for the long term and engaging in staking, with a range of financial services available such as borrowing and lending.
Moreover, By utilizing the zkSync chain, Syncus guarantees increased security and reduced transaction costs, enhancing accessibility to DeFi. The SYNC token plays a crucial role in governance, staking for rewards, and provides access to liquidity markets, establishing a new benchmark for DeFi achievements.
Similarly, the Syncus ecosystem includes various financial services such as staking, lending, and borrowing, all developed on the secure zkSync chain. The goal is to achieve sustainable development in the DeFi industry by focusing on long-term investment and taking part in governance with the SYNC token.
Likewise, Syncus is distinguished in the DeFi industry for its focus on security, sustainability, and accessibility, supported by a highly experienced team with a successful history in blockchain technology and zero-knowledge proofs. The use of zkSync technology innovatively solves the blockchain trilemma by balancing speed, security, and decentralization.
Syncus Coin Price Analysis On 4-Hour Time Frame
The Syncus coin asset is showing bearish traits and can deteriorate more on the 4-hour price chart. It has demonstrated bad performance in the past week by -20.36%, indicating a downward trend.
At the time of writing, the Syncus coin asset is experiencing a surge of 1.95% in the last 24 hours, and currently, it is trading at $0.01520.
Moreover, the Syncus coin crypto has displayed strong deterioration going on in the 4-hourly timeframe, as the price shook off from a critical supply level of around $0.02750 on the chart.
The Syncus crypto appears like, it is prepared to smash the support level and deteriorate towards below level from the current price level.
The Syncus coin asset is showing bearish strength and more falling potential as it stays below major 20-day and 50-day EMA bands.
Likewise, the Syncus coin asset is in a strong downtrend on the 4-hour price chart as MACD has crossed the signal line from above with the curve in negative territory that is below the zero line and the RSI shows no signs of oversold conditions yet as it is at 43.74 and has cut 14-SMA from above, suggesting that the Syncus coin asset has more room to fall.
Therefore, if the Syncus crypto price fails to stay above the $0.01500 level, it could decline further towards the demand zone.
However, if the demand for Syncus increases, the asset price could bounce back from the current level. The next goal for the price is to reach $0.02150, and beyond this will head towards retesting the supply level.
Summary
SYN price highlights the bearish sentiments and perspectives regarding the crypto asset in the 4-H time frame. The Syncus coin price action highlights a bearish view at the time of publishing, as it recently slumped from a pivotal supply level.
Moreover, the technical parameters of the Syncus coin price suggest the continuation of the downtrend, reliant on the seller’s surge, over the 4-H time frame chart. Major indicators including the RSI, MACD, and EMAs suggest and portray bearish gestures regarding the SYNC price.
Technical Levels
Support Levels: $0.01500
Resistance Levels: $0.02150
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Anurag is working as a fundamental writer for The Coin Republic since 2021. He likes to exercise his curious muscles and research deep into a topic. Though he covers various aspects of the crypto industry, he is quite passionate about the Web3, NFTs, Gaming, and Metaverse, and envisions them as the future of the (digital) economy. A reader & writer at heart, he calls himself an “average guitar player” and a fun footballer.
