SYN Dropped 537.9% in 24 Hours Amid Sharp Market Correction

On SEP 1 2025, the price of SYN collapsed by 537.9% within 24 hours, settling at $0.128. Over the past week, the token lost 1096.63% of its value, with a monthly decline of 537.9% and a staggering 8173.67% drop over the past year. The decline underscores a severe bearish trend, signaling widespread investor disengagement and potential liquidity challenges within the SYN ecosystem.

The recent drop has drawn attention from analysts and market observers, many of whom note the lack of clear catalysts for such an extreme movement. While the token had already experienced a prolonged downtrend, the speed and magnitude of the latest correction suggest a combination of panic selling and possible technical failures in market depth. There have been no official announcements from the project team regarding governance changes, security breaches, or significant regulatory actions that might have triggered the sell-off.

Technical analysis of SYN’s chart reveals a breakdown of key support levels, with the price failing to hold above $0.15. This has opened the door for further short-term weakness, as bearish momentum indicators continue to confirm the downtrend. The RSI and MACD have both moved into strongly negative territory, reinforcing the idea that the asset is experiencing a deep oversold condition—though with no immediate signs of a reversal. Analysts project that unless there is a major off-chain event or intervention from the project’s development team, the downward trend is likely to continue.

The backtesting of trading strategies on historical data of SYN highlights the difficulty in capturing value amid such a prolonged and sharp decline. Any long-position strategy would have failed to deliver positive returns, while short-selling mechanisms would have required precise entry and exit points to avoid being caught in sudden rebounds. The testing also indicated that the volatility and lack of liquidity made it challenging to execute trades effectively. As a result, the strategy would have been highly dependent on timing and risk management protocols.