Market Overview: Synapse/USDC (SYNUSDC) – A Short-Term Rebound Amid Strong Support

Summary
• Price tested key support near 0.0661 and bounced with strong follow-through above 0.067.
• Volume surged during the 18:45–19:30 ET window, confirming the reversal.
• RSI bottomed in oversold territory at 27, indicating potential for a rebound.
• Price formed a bullish engulfing pattern on the 5-minute chart near 0.0661.
• Bollinger Bands showed a contraction ahead of the break higher, suggesting a potential trend shift.

At 12:00 ET on January 15, 2026, Synapse/USDC (SYNUSDC) opened at 0.0680, reached a high of 0.0682, and a low of 0.0661, closing at 0.0673. The 24-hour period saw a total volume of 763,154.0 and a notional turnover of 50,579.3 USDC.

The price tested a critical support zone near 0.0661, where a large volume spike and a bullish engulfing pattern suggested a short-term reversal. RSI hit oversold levels, signaling potential for a near-term bounce. A Bollinger Band contraction preceded the breakout, suggesting increased volatility ahead.

Moving averages on the 5-minute chart showed a bullish crossover as price climbed back above the 50-period line. Volume during the 18:45–19:30 ET period confirmed the strength of the reversal.

Looking ahead, the pair may test resistance near 0.0678–0.0680, where a breakout could signal a broader recovery. However, a return to the 0.0661 level may test conviction once more if momentum slows. Investors should remain cautious ahead of potential volatility shifts.