Market Overview for Synapse/USDC (SYNUSDC) – September 27, 2025

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• SYNUSDC opened at 0.1073, traded between 0.107 and 0.1108, and closed at 0.1108.• Price surged after 16:00 ET, breaking above 0.1095 with increasing volume and momentum.• High volatility and bullish divergence between price and volume suggest short-term strength.• RSI and MACD signal rising bullish momentum, with RSI entering overbought territory.• Key resistance appears to be holding at 0.1108 and support at 0.1085–0.1086.

SYNUSDC opened at 0.1073 at 12:00 ET on September 26, 2025, and by 12:00 ET on September 27, it reached a high of 0.1108, a low of 0.1070, and closed at 0.1108. Total traded volume for the 24-hour period was 513,046.2, with notional turnover reaching $55,128. The pair showed strong late-night buying pressure from 16:00 to 06:00 ET, followed by a consolidation phase before a final bullish breakout.

Structure & Formations

The price of SYNUSDC formed a clear bullish flag pattern during the early hours, followed by a strong breakout from a descending triangle structure around 09:30–16:00 ET. Key resistance levels were observed near 0.1096 and 0.1108, both of which were successfully breached during the final hours. A large bullish engulfing pattern formed between 16:00 and 07:00 ET, confirming the shift in momentum. A doji near 0.1086 at 04:15 ET may signal indecision, but buying pressure resumed shortly after.

Moving Averages

On the 15-minute chart, the price closed above the 20-period and 50-period moving averages, indicating short-term bullish momentum. While the 20-period MA is at 0.1092 and the 50-period MA is at 0.1089, price is now comfortably above both. On the daily timeframe, the 50-period MA is at 0.1088, with the 200-period MA at 0.1082—indicating intermediate-term bullish potential.

MACD & RSI

The MACD line crossed above the signal line around 16:00 ET and remained in positive territory, suggesting strong momentum. The histogram widened during the afternoon and early evening hours. RSI hit 70–73 during the late afternoon and early evening, indicating overbought conditions, but the bullish trend persisted. The divergence between rising price and RSI suggests the move might continue or consolidate.

Bollinger Bands

Volatility expanded as the price moved up from 0.1085 to 0.1108, with the upper Bollinger Band at 0.1110. The price closed near the upper band, suggesting potential for a continuation of the trend. However, a pullback could see price retesting the lower band or the 0.1085–0.1086 support zone.

Volume & Turnover

Volume spiked significantly from 01:30 to 06:00 ET and again from 09:30 to 11:00 ET, confirming the bullish breakout. Notional turnover increased in tandem with price action, indicating strong participation and conviction from market participants. There was no notable divergence between price and volume, which supports the validity of the breakout.

Fibonacci Retracements

Fibonacci retracement levels applied to the 0.1070–0.1108 swing show that the 0.1096 level corresponds to the 61.8% retracement. The 0.1085–0.1086 level marks the 38.2% retracement and serves as a critical support. A retest of the 0.1085 level may provide an opportunity for a continuation pattern or a pullback before the next wave.

Backtest Hypothesis

A potential backtesting strategy could involve entering long positions when the price breaks above the 61.8% Fibonacci retracement level, confirmed by a bullish engulfing candle and a close above the 20-period moving average. Stops could be placed just below the 0.1085 support, with targets at 0.1110–0.1115. This setup could be tested over multiple 15-minute intervals to assess consistency in success rates and risk-reward ratios.