Synapse (SYN) jumped 17.54% to $0.2059 on June 22, and the rally unfolded without any SYN‑specific announcement; the move follows Bitget’s recent removal of the token’s spot pair.
Price Surge Overview
Investors lifted SYN amid a broader risk‑on sentiment that lifted many crypto assets. The token’s ascent aligns with a market‑wide appetite for higher‑yielding coins, even though no fresh catalyst emerged.
Technical Analysis
On the daily chart, SYN broke sharply above a descending trendline that has capped every rally since the August 2025 peak near $0.22. All four exponential moving averages now sit beneath price—20‑day at $0.0911, 50‑day at $0.0670, 100‑day at $0.0598, and 200‑day at $0.0671—signaling bullish momentum.
The Relative Strength Index surged to 91.49, a level that historically precedes sharp pullbacks once momentum wanes. Resistance clusters at $0.22 (trendline) and $0.2278 (session high), while support holds near $0.1727 (session low) and $0.1552 (Supertrend signal).
Short‑Term Trend
The hourly chart displays a clean parabolic structure that has built since June 18, with price stair‑stepping higher inside an ascending channel. Both the Parabolic SAR at $0.1910 and the Supertrend indicator at $0.1642 sit below price, confirming that the short‑term bullish trend remains intact for SYN investors.