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Summary
• Price broke above 0.0601 on 04:15 ET but failed to hold above 0.0604 by the close.
• Strongest volume cluster seen near 0.0598–0.0605 between 04:15 and 05:15 ET.
• RSI shows mild overbought conditions at 75, suggesting potential for a pullback.
• Bollinger Bands show moderate volatility, with price currently near the midline.
• Volume and turnover diverged during the 04:30–05:00 ET rally, hinting at possible exhaustion.
Synapse/USDC (SYNUSDC) opened at 0.0591 on 2026-01-05 12:00 ET, hit a high of 0.0669 and a low of 0.0589, closing at 0.0602 at 12:00 ET on 2026-01-06. Total volume was 1,068,763.0, and notional turnover was 62,483.69
.
The 24-hour candlestick pattern indicates a bullish bias with price consolidating near 0.0602 by the end of the period. The 20-period and 50-period moving averages on the 5-minute chart show a slight upward bias, with price frequently testing the 50-period line. A key support level appears to form at 0.0592–0.0594, where price has bounced multiple times.
MACD shows a positive crossover with a growing histogram, suggesting sustained upward momentum. However, RSI reaching 75 in the late hours may hint at short-term overbought conditions, increasing the likelihood of a pullback. Bollinger Bands show moderate volatility with price oscillating near the midline, indicating indecision.
Volume was concentrated in the 0.0598–0.0605 range during the morning hours, with a sharp increase at 04:30 ET. Notional turnover spiked during that time, but prices failed to break above 0.0606, suggesting possible exhaustion in the rally.
Fibonacci retracements from the recent 5-minute high of 0.0669 and low of 0.0589 identify 0.0603 (61.8%) and 0.0597 (38.2%) as key psychological levels for support and resistance.
Looking ahead, price may test the 0.0606–0.0608 range if buyers reenter, or consolidate near 0.0600–0.0598. A sharp move below 0.0594 could reintroduce bearish momentum. Investors should watch for volume confirmation or divergence during any breakouts.
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