Syscoin (SYS) has Gained 106% in 90Days

• The price of Syscoin (SYS) has increased by 106% in the past 90 days
• This increase is a result of increased buyers activities and recent developments in its ecosystem.
• Syscoin is bullish in the near future.

The past three months have seen some of the recent gains by most cryptocurrencies lost, while most investors in the top cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) in this duration are in loss. However, the case is different for Syscoin (SYS) which has seen a good increase by 106% within the same duration according to Data present in CoinMarketCap at the time of writing.

Current Status of Syscoin (SYS)

Syscoin (SYS) trades at $0.868794 with a 24-hour trading volume of $27,035,085. Syscoin is down 0.23% in the last 24 hours.?The current CoinMarketCap ranking is 127th, with a live market cap of $549,990,725 USD.?It has a circulating supply of 633,050,956 SYS coins?and a max. supply of 888,000,000 SYS coins.

Technical Analysis of Syscoin (SYS)

SYS/USDT 1Day Chart Showing Relative Strength Index (Source: Tradingview )

The Relative Strength Index (RSI) value of SYS/USDT from the chart above is 50.52. This shows that the trend is strong since the value lies between 50 and 70. However, traders and investors should be on the guide since the value seems to be close to the neutral value of 50.

SYS/USDT 1Day Chart Showing Keltner Channel Pattern (Source: Tradingview )

The Keltner Channel pattern above for SYS/USDT shows that the last candlestick is neither close to the bottom nor top curve, which means that the possibility of the present uptrend continuing is high, though more sellers pressure could reverse the market.

SYS/USDT 1Day Chart Showing the Resistance and Support Levels (Source: Tradingview )

From the chart above, we can deduce the following:

• The next bullish run of Syscoin (SYS) might get close to at least $1.3243 at resistance level, due to a possible formation of inverse head shoulders at support1 level.
• If there is a breakout below support1 level, there would to a high possibility be a reversal at support2 level due to the formation of double bottom or at most at support3, due to the formation of the triple bottom.
• These results together with the uptrend line show that Syscoin (SYS) is bullish for the near future.

Conclusion: the price of Syscoin (SYS) would definitely cross above $1 soon.

Disclaimer: This is for educational purposes and not investment advice.

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