Market Overview for Synapse/USDC on 2025-12-14

Sunday, Dec 14, 2025 4:31 am ET1min read
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- Synapse/USDC (SYNUSDC) traded $0.0581–$0.06, consolidating near $0.0593 with key support at $0.0591 and resistance at $0.0595–$0.0596.

- Bearish engulfing patterns and late-ET volume spikes signaled short-term bearish momentum during price declines to $0.0593.

- RSI remained neutral-to-oversold while MACD showed weak bullish divergence, with Bollinger Bands contracting during consolidation phases.

- Fibonacci retracements highlighted 38.2% ($0.0596) and 61.8% ($0.0591) levels, with potential for further testing below $0.0587–$0.0589 if downward bias persists.

Summary
• Synapse/USDC (SYNUSDC) traded in a 24-hour range of $0.0581–$0.06, with price consolidating around $0.0592–$0.0595.
• Key support confirmed at $0.0591, resistance at $0.0595–$0.0596, with bearish engulfing patterns observed during price declines.
• Volume spiked during the late evening ET, coinciding with a pullback to $0.0593, suggesting short-term bearish momentum.
• RSI remained neutral-to-slightly oversold, while MACD showed flattening bullish momentum and weak divergence.
• Bollinger Bands contracted during consolidation phases, with price staying above the 20-period MA on the 5-minute chart.

Synapse/USDC (SYNUSDC) opened at $0.06 on 2025-12-13 12:00 ET, reached a high of $0.0601, fell to a low of $0.0581, and closed at $0.0593 as of 2025-12-14 12:00 ET. The 24-hour volume totaled 46,563.9 units, with a notional turnover of $2,750.17, reflecting moderate but uneven liquidity.

Structure and Candlestick Formations


Price action showed signs of consolidation around $0.0592–$0.0595, with a bearish engulfing pattern emerging during a sharp move lower in the early hours of 2025-12-14. A doji formed near $0.0595, indicating indecision at the upper edge of the range. The 20-period MA on the 5-minute chart held above the close, suggesting short-term bullish bias, though the trend is not clearly defined.

Volatility and Momentum Indicators


Bollinger Bands narrowed during the overnight consolidation phase, signaling potential for a breakout or breakdown. RSI remained in mid-range territory, with no extreme readings suggesting exhaustion. MACD showed weak bullish divergence in the latter half of the period, but with a flattening histogram, indicating waning momentum.

Volume and Turnover


Volume spiked to 6,742.5 at $0.0598 and again to 2,693.8 at $0.0595, both occurring during bearish moves, suggesting profit-taking or shorting activity. Turnover mirrored volume trends but did not confirm the price moves, indicating possible divergence between volume and price, which could foreshadow a reversal.

Fibonacci Retracements


Applying Fibonacci retracement levels to the recent 5-minute swing from $0.06 to $0.0593, the pair tested the 38.2% level at $0.0596 and rebounded before settling near the 61.8% level at $0.0591. Daily-level retracements suggest a broader support at $0.0587–$0.0589, which could test next if the downward bias continues.

Price may test key support levels over the next 24 hours as bearish momentum appears to gain traction. Traders should remain cautious, as divergence between price and volume may suggest a potential reversal or continuation with low conviction.