Synapse (SYNUSDT) Market Overview for 2025-08-19

• Synapse (SYNUSDT) posted a 1.37% 24-hour gain amid a late surge, closing at 0.1359 after dipping near 0.1296.
• Volume spiked 20x to $921,410 in the 15-minute window ending 15:15 ET, confirming bullish momentum.
• A bullish engulfing pattern emerged in the last 30 minutes, suggesting renewed buyer control near 0.1353–0.1378.
• RSI (14) rose from 36 to 58, signaling strengthening momentum, though not yet overbought.
• Bollinger Bands expanded with a 20-period deviation of +0.0025, aligning with a breakout above 0.1350.

Market Overview

Synapse (SYNUSDT) opened at 0.1339 on 2025-08-18 at 12:00 ET and closed at 0.1359 24 hours later. The pair hit a high of 0.1423 and a low of 0.1296. Total trading volume reached 8.4 million SYN, with notional turnover of approximately $1.24 million, marking a significant spike in the final hours of the period.

Structure & Formations

The price action shows a clear reversal from a bearish trend early in the 24-hour window, with a key support level emerging around 0.1334–0.1336. From there, price rallied through several Fibonacci retracement levels, notably hitting the 61.8% retracement of the prior bear leg near 0.1353. The final 30 minutes saw a bullish engulfing pattern form at 0.1355–0.1378, a strong buy signal indicating potential continuation higher. A doji appeared at 0.1367, suggesting indecision at the upper end of a key consolidation range.

Moving Averages

On the 15-minute chart, price closed above both the 20- and 50-period moving averages, which are currently aligned near 0.1342 and 0.1346, respectively. The longer-term 50- and 100-period daily MAs are below the 200-day MA, indicating the broader trend remains mixed, but the 24-hour move has pushed the 1-hour EMA above the 200-day line on a shorter time frame.

MACD & RSI

The MACD line crossed above the signal line in the final hour, confirming bullish momentum. RSI climbed from 36 to 58 over the 24 hours, suggesting strengthening buying pressure without yet entering overbought territory. A potential continuation rally could push RSI toward 65–70, but a pullback to 50 or below could indicate renewed selling pressure.

Bollinger Bands

Bollinger Bands widened significantly as price moved through a key breakout phase near 0.1350, with volatility expanding to a 20-period deviation of +0.0025. Price now sits just above the upper band, suggesting overextension and a possible consolidation period, though the recent breakout implies a retest of the upper band could be expected.

Volume & Turnover

Volume surged to a peak of 2.16 million SYN in the 15-minute window ending 15:15 ET, coinciding with a high of 0.1423. Notional turnover reached a peak of $303,800 during the same period, confirming strong institutional or large-cap buyer participation. A divergence between volume and price did not appear; rather, volume and price rose in tandem, supporting the bullish case.

Fibonacci Retracements

Applying Fibonacci to the 15-minute swing from 0.1296 to 0.1423, key levels include 0.1353 (61.8%) and 0.1374 (78.6%). Price is currently testing the 61.8% level, and a break above 0.1374 could target 0.1385 and 0.1400. Daily-level Fibonacci from the May–August range remains relevant for longer-term positioning.

The price may continue upward in the next 24 hours, particularly if the 0.1374–0.1385 range is tested and held. However, a pullback toward 0.1350 or 0.1345 could trigger renewed volatility, so investors should remain cautious and watch for any divergence in momentum indicators.