The post SYRUP Technical Analysis Feb 6 appeared on BitcoinEthereumNews.com.

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.…

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Filed under: News - @ February 6, 2026 4:28 am