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$SYN
Recent multiple short liquidations indicate bears were squeezed as price pushed higher, showing that bullish momentum has strengthened in the short term. Immediate support is around $0.238–$0.240, where buyers should attempt to defend the move. The next resistance sits near $0.246–$0.250. If bulls maintain control and volume remains healthy, the next upside target is $0.258. However, rejection near resistance could trigger profit-taking, so waiting for confirmation above key levels is the safer approach for momentum traders.
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