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Summary
• Price action remained compressed near 0.05, with a breakout attempt at 0.0501 failing by 11:00 ET.
• Volume surged in the 10:15–11:00 ET window, yet price closed below key intraday highs.
• RSI and MACD showed muted momentum, consistent with consolidation near key psychological levels.
• Bollinger Bands contracted sharply overnight, suggesting potential for a breakout but no clear direction.
Synapse/USDC (SYNUSDC) opened at 0.05 on 2025-12-26 at 12:00 ET, reached a high of 0.0501, dipped to a low of 0.0497, and closed at 0.0498 by 12:00 ET on 2025-12-27. Total trading volume was 4,102.8, with a notional turnover of approximately 208.76 USDC over the 24-hour window.
Price action remained tightly clustered between 0.0497 and 0.0501 for most of the 24-hour period, with a brief rejection seen at the upper boundary. The final candle at 11:00 ET formed a bearish harami pattern, suggesting a possible reversal after the short-lived bullish thrust. A key support appears forming at 0.05, with resistance just above at 0.0501, where price twice failed to hold.

On the 5-minute chart, the 20 and 50-period SMAs were closely aligned around 0.05, indicating a flat and range-bound profile. On the daily chart, the 50-period SMA sits slightly above the 100- and 200-period lines, suggesting a potential bias toward a slow bullish trend should price break out of its current range.
The RSI lingered near 50 throughout most of the day, suggesting balanced buying and selling pressure. MACD remained flat with a narrow histogram, reinforcing the lack of clear directional momentum. Bollinger Bands showed a sharp contraction in the early morning hours, signaling a potential buildup in volatility that has yet to resolve.
Volume remained near zero for much of the day until a sharp increase occurred at 09:45 ET and again at 10:15 ET, with the largest single-volume candle (2,496.0) occurring at 10:15 ET. Despite the volume spike, price failed to follow through and closed below the high of that candle, indicating a lack of conviction in the upward move.
Applying Fibonacci retracements to the 0.05–0.0501 range, 0.0501 marks the 100% level. Price briefly reached 61.8% but failed to sustain the move. Looking ahead, a pullback to 38.2% (around 0.0499) could test for strength, while a break below 0.05 would signal a return to the lower bounds of the range.
Price may consolidate further or test the 0.0501 level again in the next 24 hours, depending on the entry of fresh liquidity. Traders should remain cautious due to the compressed range and potential for a sudden move in either direction.
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