Synapse (SYNUSDT) Market Overview: 24-Hour Price Action and Technical Signals

• Price dropped sharply during the 15-minute candle on 2025-08-24 at 19:45 ET, marking a 9.1% correction to $0.1395.
• Volatility and volume surged during the sell-off, with a large 15-minute candle showing a high of $0.1464 and a low of $0.1397.
• A brief rebound occurred during the early morning hours, but bearish momentum remains intact as price remains below key moving averages.
• MACD signaled bearish momentum, and RSI approached oversold territory by the close of the 24-hour period.
• A potential support zone appears to have formed around $0.1335–$0.1350, based on repeated bounces and Fibonacci levels.

Synapse (SYNUSDT) opened at $0.1417 on 2025-08-24 at 12:00 ET and traded as high as $0.1464 before dropping to a 24-hour low of $0.1335. Price closed at $0.1354 at 12:00 ET on 2025-08-25. Total volume for the 24-hour period was approximately 3.53 million units, with a notional turnover of $499,530.

Structure & Formations

The 15-minute chart displayed a strong bearish bias, highlighted by a large inside bar pattern on the 19:45 ET candle, followed by a breakdown and confirmation. A key support level appears to be forming between $0.1335 and $0.1360, reinforced by multiple retests and Fibonacci retracement levels. Resistance is likely near $0.1430–$0.1440, where previous bearish reversals occurred.

Moving Averages

On the 15-minute chart, price closed below both the 20-EMA and 50-EMA, suggesting continued bearish bias in the short term. On the daily timeframe, the 50-EMA appears to act as dynamic resistance near $0.1440, with the 200-EMA providing a broader trend reference. A break below the 100-EMA could signal a potential shift to a deeper bearish phase.

MACD & RSI

MACD lines remained negative throughout the 24-hour period, with bearish divergence evident after the price dip. RSI dipped below 30 in the final hours, signaling potential oversold conditions. However, bearish momentum remains strong, and a recovery without a positive MACD crossover may lack conviction.

Bollinger Bands

Volatility expanded significantly during the sharp drop, with price testing the lower Bollinger Band in the final hours of the 24-hour window. The contraction earlier in the session gave way to a violent breakout to the downside. Price has since remained within the bands, suggesting a continuation of the current bearish trend unless a breakout occurs.

Volume & Turnover

Volume spiked sharply during the sell-off between 19:45 and 20:30 ET, with the largest single candle (19:45) showing 1.326 million in volume. However, the subsequent candles showed lower volume despite further price declines, indicating potential exhaustion. Turnover also declined after the initial drop, though price continued to fall, signaling a potential divergence worth monitoring.

Fibonacci Retracements

Applying Fibonacci levels to the recent swing high ($0.1464) and low ($0.1335), key support levels appear at 38.2% ($0.1401), 50% ($0.1399), and 61.8% ($0.1397). The price currently sits near the 61.8% level, with a potential bounce or break expected in the next 24 hours.

SYNUSDT may test the $0.1335 level in the near term, which could either consolidate the bearish phase or spark a counter-trend rally. Traders should watch for a potential reversal candle near this level or a breakdown confirming further bearish momentum. As always, volatility and rapid price moves remain a risk for both long and short positions in the coming 24 hours.