Crypto Price Prediction

Syscoin Price Analysis: SYS Can Bleed Badly If Goes Any Further

  • The price of SYS is trading at $0.121.
  • The SYS price decreased by -0.07% in the last 24 hours.
  • The SYS year-to-date return is +23.77%.

Volume Analyzation

The amount of SYS traded in a day is $1392016 and it has fallen by 4.76% in the last day. The trading activity is low now because the market is unfavorable and there are not many buyers for the coin.

Trend Analyzation

This week the trend was slightly bullish.  It was consolidating as the price has only been up by 0.44%. By trend and price information history, we can say that CTSI is not performing well right now. The coin’s value plummeted by more than 27000% in all-time history, wiping out the investors’ money. The market mood is bleak and there is a lack of demand or trading activity for the coin. This may explain why the coin has performed so poorly.

In 1-D Timeframe

In 1-D Timeframe
Source:  SYS/USD.1D.BINANCE by TradingView

Trendline Analyzation

As per the trendline, it seems it’s respecting the trendline and facing rejection exactly from the drawn trendline on the chart. From the point where it declined from the trendline, it’s been bearish. As per the price action, it has been following the channel. Currently, it’s in the middle of the drawn channel. It reached the middle of our drawn channel by facing resistance from our trendline. So, as price action speaks, it may come down to taking support. As per the trendline, it can reach $0.105 soon which is our major support. If that breaks, we may see some new lows next. 


With the help of just two parameters, period and multiplier, this indicator works wonderfully. At period value 20 and multiplier value 2, it shows the continuous trend if it’s bullish or bearish. As shown in the chart, it’s bearish.


As we can see in the chart, the blue line or MACD line has crossed the signal line from below, making a bullish crossover. But on the basis of its movement, the histogram is very small which indicates a lack of interest in the coin. and we can see that it started to approach the signal line from above to make a bearish crossover. So on that basis, we can say that the trend may continue downward as we get hints from the indicator.

200 EMA 

The price is going down on the 1D chart. It is below the 200 EMA(exponential moving average), which is a hard line to cross. The sellers are stronger than the buyers. To change the direction, the price has to go and stay above the 200 EMA.

Bollinger Band

The SYS coin price is trading at the lower band of the Bollinger Band indicator after failing to surpass the upper band. After facing rejection from the upper band resistance of the Bollinger Bands, it is indicating a more downward move as of now.  It has destroyed the 14 SMA line of the Bollinger Band and currently it is in the lower band so we get a hint about it hitting downwards soon.


 As per the price action, the SYS coin price is bearish. As of now, the technical parameters indicate, the bearish pressure is building in the upcoming trading days. Presently, the sentiments of investors and traders are bearish.

Technical Levels

  • The Nearest Support Zone is $0.105.
  • The Nearest Resistance Zone is $0.149.


In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.

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