Market Overview for Synapse/USDC on 2025-12-21

Summary
• Price consolidated between $0.0486 and $0.0493, with key support holding at $0.0486 and resistance near $0.0493.
• Low turnover amid consolidation; notable volume spike at $0.0486–$0.0489.
• RSI and MACD indicate neutral momentum, with no clear overbought or oversold signals.
• Bollinger Bands show moderate volatility, with price within the 1σ range throughout the period.

Synapse/USDC (SYNUSDC) opened at $0.0487 on 2025-12-20 at 12:00 ET, reached a high of $0.0494, touched a low of $0.0482, and closed at $0.0492 at 12:00 ET on 2025-12-21. Total volume over the 24-hour window was 213,489.8, with turnover amounting to $8,342.00.

Structure & Key Levels

Price action showed consolidation within a tight $0.0482–$0.0494 range, with a strong support level forming at $0.0486 and resistance at $0.0493. A small bearish engulfing pattern emerged near $0.0486, but buyers retook control into the overnight session, pushing price back toward the upper end of the range.

Moving Averages and Momentum

The 20-period and 50-period moving averages on the 5-minute chart remained closely aligned, reflecting a range-bound trend. The daily 50/200 MA crossover showed a flat, neutral setup. MACD hovered near zero with no clear divergence, while RSI moved between 45 and 55, indicating balanced buying and selling pressure.

Volatility and Volume

Bollinger Bands remained stable with moderate width, and price stayed within one standard deviation for much of the period. A large volume bar at $0.0486–$0.0489 suggested key support tested and held. Turnover remained generally subdued, with no major divergences between price and volume.

Fibonacci Retracements

On the most recent 5-minute swing (from $0.0482 to $0.0494), the 61.8% Fibonacci level sat at $0.0491, which was briefly tested but not broken. The daily retracement levels showed similar consolidation behavior, with price bouncing off the 38.2% level at $0.0486.

Looking ahead, Synapse/USDC may test $0.0493 as a new near-term ceiling, but with low volatility and neutral momentum, a continuation of the consolidation is likely. Traders should watch for a potential breakout or breakdown with confirmation via volume and momentum tools. As always, be mindful of thin liquidity and sudden volatility shifts in this low-cap pair.