SYRUP Technical Analysis Feb 6

SYRUP is trading in a strong downtrend, with the current price level at 0.25$ positioned below the EMA20, giving bearish signals. Although RSI is at 29.85 in the oversold region, MACD shows a negative histogram with weak momentum; a break below the critical support at 0.2352$ could trigger downside targets.

Executive Summary

SYRUP’s technical chart shows a clear downtrend as of February 6, 2026. The price is trading at 0.25$ with a 13.63% drop in the last 24 hours, supported by volume of 28.94M$. Supertrend is bearish, price below EMA20 (0.31$); RSI at 29.85 signals oversold but MACD is bearish. Critical support at 0.2352$ (strength score 75/100), resistances at 0.2660$ (72/100) and 0.2992$ (60/100). Bitcoin’s downtrend increases risk for altcoins; short-term bearish pressure dominates, but rebound potential from oversold conditions is limited. Risk/reward ratio favors bearish targets; follow SYRUP Spot Analysis for spot, SYRUP Futures Analysis for futures.

Market Structure and Trend Status

Current Trend Analysis

SYRUP shows a clear downtrend across higher timeframes (1D, 3D, 1W). Daily chart continues forming lower highs and lower lows, with the 13.63% loss in the last 24 hours reinforcing this structure. Supertrend indicator gives bearish signal, dynamic resistance positioned at 0.34$. Price remaining below EMA20 (0.31$) confirms short-term bearish momentum. Weekly timeframe shows strong trend continuity, no higher low formation observed. Overall structure deteriorated with rejection of recent highs around 0.30$; this indicates dominance of selling pressure.

Structural Levels

Multi-timeframe analysis identified 10 strong levels: 1D with 1 support/2 resistances, 3D with 2 supports/1 resistance, 1W with 3 supports/3 resistances. Main structural supports at 0.2352$ (previous swing low, strong reaction expected), followed by psychological 0.20$ and cluster level 0.15$. Resistances at 0.2660$ (short-term pivot), 0.2992$ (EMA20 convergence), and 0.34$ Supertrend line. These levels reflect market structure fragility; support break could trigger aggressive downside.

Technical Indicators Report

Momentum Indicators

RSI(14) at 29.85 points to oversold region, carrying short-term rebound potential but high ‘bearish divergence’ risk due to downtrend. MACD histogram negative and below signal line, confirming bearish crossover. Selling signals dominate across momentum indicators; Stochastic in 20s oversold but no upward crossover. This confluence shows momentum not exhausted, downside may continue.

Trend Indicators

EMA clusters (EMA20: 0.31$, EMA50: 0.35$, EMA200: 0.42$) aligned below price; death cross completed. Supertrend bearish, trailing stop forming resistance at 0.34$. Price below Ichimoku cloud, Tenkan-Kijun cross downward. All trend indicators show bearish confluence, emphasizing need for strong catalyst for structural change.

Critical Support and Resistance Analysis

Support zone at 0.2352$ (75/100 score) is the most critical level; hold here offers hope for oversold rebound but break could lead to 0.20$. Medium-term supports in 0.18$-0.20$ range overlap Fibonacci retracement 61.8%. Resistances at 0.2660$ (72/100) first test point, if fails then 0.2992$ (60/100) targeted. Upper resistance 0.34$ Supertrend and 0.4472$ bullish target (low score 25/100). Level scores show supports stronger; risk biased downward.

Volume and Market Participation

Volume in last 24 hours at 28.94M$ high, selling volume dominant supporting downside. Volume Profile POC (Point of Control) around 0.28$, volume gap forming below price confirming bearish continuation. OBV (On-Balance Volume) shows negative divergence, buyer participation weak. Increasing volume downside may signal institutional selling; low-volume rebounds could be fakeouts.

Risk Assessment

From current 0.25$ level, bearish target 0.0685$ (risk: -72.6%, score 20/100), bullish target 0.4472$ (reward: +78.88%, score 25/100). Risk/reward ratio favors shorts at 1:1.08, longs at 1:1.09 reverse. Main risks: BTC downside correlation (high beta), RSI oversold sharp reversal, low liquidity. Volatility high (13+% daily), stop-loss suggestion: longs below 0.2352$, shorts above 0.2660$. Overall risk profile bearish, capital allocation should not exceed 2-3%.

Bitcoin Correlation

SYRUP highly correlated with BTC (0.85+%); BTC at 64,724$ and -9.22% down, Supertrend bearish. BTC supports 62,910$, 60,000$, 45,967$; break creates cascade effect on altcoins. Resistances 65,881$, 71,041$. BTC dominance increase adds pressure on SYRUP; if BTC stays below 60K, SYRUP can reach bearish targets. Follow: BTC clearance above 65K supports SYRUP rebound.

Conclusion and Strategic Outlook

SYRUP’s technical chart is filled with comprehensive bearish signals: downtrend, bearish indicator confluence, critical support approach. Short-term 0.2352$ test expected; if holds probe to 0.2660$, if breaks 0.0685$ target. Long-term requires BTC recovery, currently short-biased strategy recommended. Oversold conditions allow spite bounce but no structural change. Investors should integrate spot/futures analyses; patient shorts or support breakout wait optimal. This holistic view provides full picture for decision-makers.