Synapse Price Prediction: SYN Pumps 17% With No News While Bitget Delisting Still Looms
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On June 22 Synapse (SYN) traded at $0.2059, up 17.54% with an extreme RSI of 91.49 while open interest surged 48.61% to $29.64M and volume climbed 21.84% to $279.69M as shorts absorbed nearly nine times more liquidations than longs. The rally occurred with no SYN-specific news and follows Bitget's delisting of the SYN/USDT CEX spot pair effective June 18 (deposits suspended, withdrawals open until September), indicating a liquidity-driven, risk-on crypto move that is overbought and vulnerable to downside.
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- SYN trades at $0.2059, up 17.54% with RSI at 91.49, among the most overbought readings on any major chart this week
- Bitget delisted the SYN/USDT spot pair effective June 18, suspending deposits while withdrawals stay open until September
- Open interest surged 48.61% to $29.64M as volume jumped 21.84% to $279.69M, with shorts absorbing nearly nine times more liquidations than longs
Synapse trades at $0.2059 on June 22, up 17.54% on the day with no SYN-specific news behind the move. The rally lines up with a broader risk-on mood across crypto rather than any fresh catalyst, and it comes just days after Bitget delisted the token’s spot trading pair.
SYN Daily Chart: RSI at 91 Is About as Extreme as It Gets
The daily chart shows SYN breaking sharply above its descending trendline that had capped every rally since the Au…
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