SYN – Quiet Accumulation Before the Pop?LSE:SYN has been grinding sideways near a key multi-month support zone around the $0.07–$0.08 range after an extended downtrend. This level has acted as a solid demand base before, and price has once again respected it - forming a clear accumulation range.
Despite the rough YTD drawdown, the structure looks like it’s tightening. Volume remains light, but that’s often how reversals begin - quiet, with smart money positioning early before a sharp leg higher. A clean break above $0.10 could flip the short-term sentiment quickly, considering how compressed the range has become.
The chart’s risk-to-reward profile also stands out: downside seems limited as long as support holds, while upside room extends toward prior resistance levels around $0.15 and beyond. Even a small shift in volume could trigger an outsized move given how much liquidity dried up here.
Watching for confirmation candles and follow-through above resistance will be key — if momentum kicks in, this could turn into one of those fast catch-up plays that traders love to ride.
Let’s see if bulls can finally take control from this base.
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