Is It Too Late To Buy SYS? Syscoin Price Skyrockets 116% In A Week And This Might Be The Next Crypto To Explode
The Syscoin price has Skyrocketed 116% in the past week and 11% in the last 24 hours to trade at $0.1581 as of 04:05 a.m. EST on a 71% pump in trading volume to $187 million. Syscoin Price Analysis: Sharp Bullish Momentum Syscoin (SYS) has recently experienced a strong bullish reversal after breaking out of a prolonged bearish channel. For several months, SYS was confined to this downward-sloping channel, marked by a series of lower highs and lower lows. Typically, such a pattern suggests persistent selling pressure, but the recent breakout signals a shift in market sentiment. The breakout from the bearish channel was accompanied by a notable increase in trading volume, signalling strong buying momentum. Additionally, SYS has found solid support around $0.0998, a level from which the price has bounced back significantly, reinforcing its importance as a key support zone. SYSUSDT Analysis Source: Tradingview The 50-day Simple Moving Average, currently at $0.1757...