- SYN is buying and selling at $0.2059, up 17.54%, with an RSI of 91.49, making it essentially the most overbought degree on the key charts this week.
- Bitget delisted the SYN/USDT spot pair on June 18th and suspended deposits, though withdrawals had been nonetheless attainable till September.
- Open curiosity elevated by 48.61% to $29.64 million, buying and selling quantity elevated by 21.84% to $279.69 million, and shorts absorbed roughly 9 instances extra liquidations than longs.
Synapse was buying and selling at $0.2059 as of June twenty second, up 17.54% on the day, however there was no SYN-specific information behind this transfer. The rally is per a broader risk-on temper throughout cryptocurrencies, somewhat than a brand new catalyst, and comes days after BitGet delisted a spot buying and selling pair of tokens.
SYN each day chart: RSI 91 couldn’t be extra excessive
The each day chart reveals that SYN has damaged properly above the downtrend line that has capped any positive factors since its August 2025 peak round $0.22. All 4 EMAs are under value for the primary time in latest months: 20 shares at $0.0911, 50 shares at $0.0670, 100 shares at $0.0598, and 200 shares at $0.0671.
RSI 91.49 is an impressive quantity. Such excessive numbers are uncommon, and there may be historic precedent for sharp declines when momentum runs out. The one comparable spike occurred in late January 2026 round $0.12, after which it shortly moved again in direction of $0.08. This transfer has already surpassed its earlier excessive.
- Resistance: $0.22 (downtrend line, earlier peak), $0.2278 (session excessive)
- Help: $0.1727 (session low), $0.1552 (supertrend sign)
SYN hourly chart: bullish parabolic motion in each SAR and supertrend
The hourly chart reveals a pleasant parabolic construction constructing since June 18th, with costs rising in steps inside an ascending channel. SAR at $0.1910 and supertrend at $0.1642 are each in bullish traces under the value, confirming that the short-term pattern is maintained regardless of the widening RSI studying.
The transfer has not but proven any significant pullback construction, which is uncommon for a rally of this dimension. A break under the supertrend at $0.1642 can be the primary technical sign that momentum is fading.
Why is SYN rising with none information?
There isn’t any SYN-specific announcement concerning this transfer. This rally coincides with a broader risk-on shift throughout cryptocurrencies, with merchants turning to small-cap, high-beta tokens as demand for speculative belongings returns.
SYN’s low market capitalization and skinny liquidity make it the kind of token that strikes disproportionately when rotation happens, no matter its fundamentals.
Bitget delisting nonetheless haunts SYN
Bitget delisted the SYN/USDT spot pair efficient June 18, citing a periodic overview course of primarily based on buying and selling quantity, liquidity, and undertaking improvement. Deposits had been instantly stopped, however withdrawals will probably be attainable till September.
Shedding spot itemizing on a serious change sometimes fragments liquidity and sends a sign of weakening undertaking well being to different platforms conducting comparable opinions.
The present rally has occurred regardless of these headwinds, not as a result of they’ve been resolved. Even when the speculative rotation driving this motion wears off, the underlying liquidity considerations of delisting stay unaddressed.
SYN derivatives: shorts are dying
Quantity elevated by 21.84% to $279.69 million, and open curiosity elevated by 48.61% to $29.64 million, each of which had been rising, confirming that new funds had been flowing into the commerce and never simply closing positions. Whereas the lengthy/quick ratio of 1.0534 is roughly balanced, liquidation information tells a distinct image.
In 24 hours, quick positions of $672,15,000 had been liquidated whereas lengthy positions of solely $76,17,000 had been liquidated. Shorts take up virtually 9 instances extra ache. It is a basic quick squeeze sample the place sellers are caught leaning on a transfer that continues to increase.
Synapse Worth Prediction for June 23, 2026
- Upside Stage: Holding above $0.1910 and persevering with quick overlaying might push SYN above $0.22 if broader risk-on rotation persists. This excessive RSI hardly ever persists and not using a cooling interval first.
- Draw back Stage: A break under the $0.1642 supertrend signifies that momentum is weakening and a retracement under $0.1552 is on the horizon. There isn’t any elementary set off for this motion, and change delisting stays unresolved, so a pointy reversal stays an actual threat as soon as the speculative rotation cools down.
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