Market Overview for Synapse/USDC (SYNUSDC) on 2026-01-09

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Friday, Jan 9, 2026 7:50 am ET2min read
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Aime RobotAime Summary

- Synapse/USDC (SYNUSDC) surged 0.0607–0.0675 in 24 hours, closing near 0.0662 after a sharp rebound.

- RSI hit overbought levels (75+) and volume spiked 10x, signaling strong bullish momentum but potential short-term pullback.

- A bullish engulfing pattern at 0.0655 and widening Bollinger Bands confirmed rising volatility and key support/resistance levels.

- Fibonacci retracements suggest 0.0655–0.0660 as likely consolidation zones ahead of potential resistance at 0.0675.

Summary
• Synapse/USDC traded between 0.0607 and 0.0675 with a 24-hour close near 0.0662 after a sharp rebound.
• Momentum surged late, pushing RSI into overbought territory, signaling potential near-term pullback.
• Volume spiked 10x above the average in the final hours, confirming strong bullish interest.
• A bullish engulfing pattern emerged at 0.0655, suggesting a short-term support level.
• Bollinger Bands widened significantly in the final 5 hours, indicating rising volatility.

Market Overview

At 12:00 ET–1 on 2026-01-08, Synapse/USDC (SYNUSDC) opened at 0.0608 and closed at 0.0662 by 12:00 ET the next day. The 24-hour range was between a low of 0.0607 and a high of 0.0675. Total volume across the 24-hour window reached 948,142.0, while notional turnover amounted to 60,492.99 USD. The pair showed a clear upward bias late in the window, with price surging after 07:00 ET.

Structure & Formations

Price action showed a key support level at 0.0607, which held through a bearish 5-minute candle before a strong rebound. A bullish engulfing pattern formed near 0.0655, signaling a potential reversal after a downward correction. A doji appeared at 0.0642, indicating indecision at that level. Resistance appears to be consolidating around 0.0665–0.0670, where price saw a high of 0.0675 during the last 3 hours.

Moving Averages

On the 5-minute chart, the 20-period MA was bullish, rising from 0.0620 to 0.0655. The 50-period MA showed strong upward momentum in the final hours. On the daily timeframe, the 50-period MA is likely below 0.0662, and the 200-period MA may be near 0.0635, suggesting a continuation of the recent uptrend.

MACD & RSI

The 12/26 MACD turned bullish as the histogram expanded after 08:00 ET, confirming accelerating upward momentum. RSI hit overbought territory at 75+ during the last 3 hours, indicating a potential near-term correction. However, given the strong volume confirmation, the overbought condition may not trigger a deep pullback.

Bollinger Bands

Volatility expanded significantly in the final 5 hours, with the 20-period BB width rising from 0.0015 to 0.0025. Price spent most of the session near the upper band, especially between 09:00 ET and 11:45 ET. A contraction occurred just before the final rally, suggesting a potential consolidation phase ahead.

Volume & Turnover

Volume spiked sharply in the final 3 hours, peaking at over 500,000 units during the 07:15–07:30 ET window. Notional turnover surged from below $1,000 to over $5,000 per 5-minute candle during the rally, confirming the bullish breakout. No divergence was observed between price and turnover, suggesting strong conviction in the upward move.

Fibonacci Retracements

Applying Fibonacci to the key 5-minute swing (0.0607 to 0.0675), 0.618 retrace levels would be near 0.0645–0.0650, which aligns with recent support. Daily retracement levels are likely at 0.0635 (38.2%) and 0.0655 (61.8%), both of which were tested and held.

Looking ahead, Synapse/USDC may test key resistance around 0.0675, but overbought RSI and tightening volume suggest a possible pullback to 0.0655–0.0660. Investors should watch for a potential consolidation or continuation pattern. As always, sudden news or market shocks in the broader crypto space could shift the trajectory quickly.