SYN coin pulled back from the 0.376 high to around 0.34, with the bullish structure intact. Analysts, from perspectives such as the MA30 indicator and support levels, judge that the current pullback is a washout rather than a trend reversal, and discuss the possibility of challenging 0.376 later.

After hitting the previous high of 0.376, it pulled back to around 0.34. The price is still above the MA30, and the bullish structure remains intact.
My view remains unchanged:
Look for support around 0.34;
As long as MA30 is not broken, continue to view it as bullish;
$ETH
The key going forward is whether it can challenge 0.376 again.
It's normal for strong coins to have pullbacks during an uptrend. Don't get shaken out by a few red candles. Do you think this round is a shakeout or a top? $BTC
#BTC下探60000美元关键关口
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SYN18.95%

ETH-2.99%

BTC-1.19%

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ThePatienceRequiredFor

· 2h ago

Those who say it's turning bearish probably haven't experienced 519 in 2021, that was real distribution, this volatility is child's play.

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YieldBonsai

· 2h ago

The MA30 hasn't been broken, so the bullish structure remains, but washouts and tops are often only known after the fact; position management is more important than guessing tops and bottoms.

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BugBountyBuddy

· 4h ago

From a technical perspective, the pullback to 0.34 is a normal confirmation after breaking the previous high, but the news from the Ethereum Foundation is bearish, so it's always good to stay cautious.

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LpGrandma

· 4h ago

Agreed—a pullback within 20% for strong coins is still healthy. The key is whether volume has contracted; contracted volume with price staying stable is a characteristic of washout.

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StakingLibrarian

· 5h ago

If it holds at 0.34, then yes—we can take another look, but that RLUSD news is somewhat diverting attention from the XRP ecosystem, so keep an eye on the pace.

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$SYN This pullback looks more like a shakeout than a reversal to bearish.

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