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Dalmas Ngetich
Jun 25, 2022
by Dalmas Ngetich

Syscoin Technical Analysis: SYS Rises 18% to retest $0.17

Syscoin Technical Analysis

Table of contents

  1. Past Performance of Syscoin
  2. Syscoin Technical Analysis
  3. What to Expect from SYS?
Syscoin is bottoming up after posting deep losses in H1 2022. In a recovery, SYS crypto prices may break above $0.17 and race to June 2022 highs.

Past Performance of Syscoin

The Syscoin token is up double digits when writing, adding 18 percent against the USDT. At spot rates, SYS crypto prices are rising, in sync with the broader market, in a retest. From the SYS technical analysis in the daily chart, buyers are currently in control, bottoming up in a retest of a critical resistance line.

Syscoin Technical Analysis

Syscoin SYS Daily Chart for June 24

Buyers are confident, adding to their longs, as evident in the daily chart. Notably, there are encouraging higher highs relative to the lower BB as the upside momentum builds up. The confirmation of June 23 gains with rising trading volumes is positive and comprises a bullish breakout. Accordingly, traders may find opportunities to add to their longs on every pullback towards $0.14 and $0.12 in the short term. Further gains above the middle BB and $0.17 may see SYS token prices surge to $0.27.

What to Expect from SYS?

Syscoin bulls are in charge at spot rates. Nonetheless, price action is skewed for sellers until there is a solid close above $0.17 and the middle BB. Still, buyers stand a chance as long as prices hold above $0.12 and June 2022 lows.

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Syscoin Technical Analysis: SYS Rises 18% to retest $0.17
Dalmas Ngetich
Dalmas has been passionate about the blockchain and crypto space ever since he’s heard about it. As someone who’s been closely following the trends in the crypto space, Dalmas is excited about what lies ahead in this niche and is all set to explore it. While he’s been advocating crypto adoption for a number of years, he’s himself a HODLer, which makes his voice authoritative and credible.

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