Syscoin (SYS) Price Analysis: Why SYS Offers Good Buying Opportunity Above $1.32?
Overall trend for Syscoin price is strongly bullish right now. SYS provides occasional pullbacks and keeps climbing higher levels. After its recent correction rally to the $0.85 support, the coin aims to rechallenge the $1.32 resistance, hoping to continue this uptrend.
Key technical points:
- The 20 and 50 EMA line provides strong support to the SYS price.
- The intraday trading volume in SYS is $41.3 Million, indicating a 48.2% hike.
Source- Tradingview
The Syscoin price shows a steady rally of a new higher high and higher low in its technical chart. The coin made a new All-Time high around the $1.32 mark on January 2nd. However, as displayed by several higher price rejection candles, the intense supply pressure at this level immediately rejects the price.
During this correction phase, the SYS/USD price was discounted by 35% and dropped to the $0.85 mark. The SYS price achieved sufficient support from this level, initiating a new recovery rally.
The majority of pullbacks in SYS are bouncing back from the 20 MA line. However, even when SYS price has breached this 20 MA support, this trending coin has not violated 50 MA. Therefore, until the price is sustaining above these MA lines, the crypto traders can maintain a bullish sentiment.
The Moving average convergence divergence indicator shows MACD and the signal line provides a bullish crossover above the neutral zone(0.0), indicating a buy signal.
SYS Price Could Retest $0.132 Mark
Source- Tradingview
The V-shaped recovery in the SYS price is charging towards the ATH resistance near $1.32. The price is currently trading at the $1.17 mark, projecting a 42% gain from the previous higher low of $0.82.5. Once the price gives a proper breakout from the ATH resistance, the crypto traders can grab a long opportunity.
The trend-based Fibonacci extension level indicating the overhead resistance for SYS price above the $1.2 resistance is $1.48, followed by $1.66. The Relative Strength Index(20) slope has reclaimed the 20-SMA line and is steadily approaching the overbought region.
- Bitcoin ETF Outflows Surge $326 Million on BTC Price Recovery, Institutions Selling?
- Whales Heavily Shorting XRP, DOGE, PEPE & These Crypto Ahead of Jerome Powell’s Speech
- Dogecoin Enters Wall Street Spotlight as House of Doge Targets Nasdaq Launch
- Fed’s Anna Paulson Backs Rate Cuts, Downplays Trump Tariff Impact
- Is Another BTC Price Crash Ahead As ‘Trump Insider Whale’ Increases Bitcoin Short to $340M
- Trader Sees a Dogecoin Price Surge as House of Doge Sets for a NASDAQ Listing
- Will Shiba Inu Price Recover After the Crypto Crash As Burn Rate Soars 8,194%?
- Bitcoin Price Mirrors March 2020 Crash as US–China Trade Easing Fuels Recovery
- PEPE Coin Price Reenters Historical Demand Zone as Whales Accumulate $5M— Can It Repeat Its 123% Rally?
- Bitcoin Price Prediction as Trump’s Tariff Shock Triggers $19B Liquidation
- Can $TAPZI Reach $1 In Q1 2026?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
