Market Overview: Synapse/USDC (SYNUSDC) on 2026-01-11

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Sunday, Jan 11, 2026 6:33 am ET1min read
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Aime RobotAime Summary

- SYNUSDC fell from 0.0687 to 0.0644 on heavy volume, forming bearish continuation patterns with key support at 0.0643–0.0644.

- A 20-period moving average confirmed downward momentum, while Bollinger Bands widened to reflect elevated volatility.

- A 39,798.5 volume spike during the 6:30 ET drop reinforced bearish pressure, with Fibonacci levels (0.0656/0.0649) indicating potential bounce zones.

- Traders face risks if price breaks below 0.0643, potentially triggering a deeper correction toward 0.0639 amid sustained bearish momentum.

Summary
• Price declined from 0.0687 to 0.0644 on heavy volume, forming bearish continuation patterns.
• A 20-period moving average on 5-min data confirmed downward momentum with no short-term overbought conditions.
• Bollinger Bands widened significantly, reflecting elevated volatility, with price near the lower band.
• Turnover surged during the sell-off in the early hours, aligning with price weakness.
• Key support appears near 0.0643–0.0644, with Fibonacci retracement levels suggesting potential bounce areas.

24-Hour Performance


Synapse/USDC (SYNUSDC) opened at 0.0687 on 2026-01-10 at 12:00 ET, peaked at 0.0687, and closed at 0.0644 at 12:00 ET on 2026-01-11 after hitting a low of 0.0643. Total 24-hour volume was 96,662.6, with a notional turnover of 6,184.39
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Structure & Formations


The pair showed consistent bearish pressure through the early part of the session, with a large bearish engulfing pattern forming between 21:15 and 21:30 ET as the price dropped from 0.0676 to 0.0669. A long-bodied bearish candle followed during the 21:45 to 22:00 ET timeframe, confirming the downward shift.
. The price then continued lower, forming a tight range in the 0.0654–0.0644 area in the late hours of the day.

Technical Indicators


The 20-period moving average on the 5-minute chart confirmed a bearish bias as prices consistently closed below the line. The RSI reached neutral to oversold levels near 29, suggesting potential short-term support. MACD crossed into negative territory and remained there, reinforcing the bearish momentum.

Bollinger Bands expanded significantly in the 21:00–6:00 ET period, reflecting rising volatility. By the close, the price was near the lower band, indicating potential for a short-term bounce or consolidation.

Volume and Turnover


Volume was highly uneven, with a sharp spike of 39,798.5 at 6:30 ET coinciding with the drop from 0.0654 to 0.0644. This volume was accompanied by the highest notional turnover of the day (2,575.59 USDC), reinforcing the bearish move. In contrast, the final hours of the session saw very low volume, suggesting a possible pause in selling pressure.

Fibonacci Retracements


Using the 21:15 ET peak at 0.0676 and the 6:30 ET trough at 0.0644, key Fibonacci levels of 0.0656 (38.2%) and 0.0649 (61.8%) appear as potential zones for price to find temporary support or face resistance on a rebound.

Forward-Looking Insight


SYNUSDC may test the 0.0643–0.0644 support area in the short term, with a potential for consolidation if buyers emerge. However, a break below 0.0643 could trigger deeper correction into 0.0639 levels. . Traders should remain cautious as volatility remains elevated and the bearish momentum is still intact.