$SYN Price Breaks Above Descending Trendline as Bulls Gain Momentum

Synapse ($SYN) has finally broken above its descending trendline after weeks of consolidation, sparking renewed bullish momentum among crypto traders.

The token's price surged from around $0.08 to over $0.12 in a strong breakout move, accompanied by exceptionally high market participation with 24-hour trading volume reaching approximately $58.37 million, nearly 198% of its market capitalization.

According to technical analysis, the immediate resistance zone is located between $0.1320 and $0.1362, while key support levels are at $0.1060, $0.0983-$0.0942, and $0.0813.

Synapse's price remains roughly 97.6% below its all-time high of $5.01, leaving significant upside if the broader trend continues improving.