# syn

Syn, as we said earlier, the 0.52u level couldn't hold, and now it has fallen back to 0.38u. But during this period, a major event happened worth mentioning.
On July 1st, a well-known crypto tycoon spent $2.2 million to buy over 6 million SYN. As soon as the news came out, the price directly surged to 0.65u, with daily trading volume exceeding $200 million.
But the problem is that this rally couldn't hold, and now it has fallen back.
Why couldn't it hold? Because the reason the tycoon bought was that he was bullish on a project called Hypercall, which is related to SYN and aims to do on-

#SYN According to data analysis from Aice100, when $SYN 's price is around $0.27574, the 24-hour price change is +81.23%.
My understanding is that there was another upward push in the short term, with no sign of stopping.
But to be fair, large holders' short positions account for 56%, indicating a bearish bias. The rate is at -0.276%, and the bearish sentiment is not weak. Following the trend and aligning with the trend, the key is the support at the pullback.
The level below $0.26885 is critical, and the level above $0.28401 is the observation point for recovery.