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The Synapse price pumped 11% in the last 24 hours to trade at $0.3144 as of 3:10 a.m. EST on trading volume that skyrocketed 399% to $42.02 million.
The SYN price has been growing steadily since May 8, following Bitcoin’s lead. As BTC encountered a resistance at $105k, so did SYN when it reached $0.28. However, it also outperformed BTC, which failed to go beyond $105k, while Synapse saw a surge in the last 24 hours and climbed up to $0.332 before starting a correction.
Synapse Price Prediction
Prior to the strong increase, the Synapse price was trading sideways, with only small fluctuations that saw its price go from the upper Bollinger Band to the lower one. The bands were fairly narrow, which started to change in the last day, as the price started pushing upwards.
While it kept its small fluctuations, the overall trend was bullish, causing the SYN price to push further and further up over a 24-hour period, reaching its peak at $0.332. After this, the fluctuations increased, and the bands widened further.
SYN/USD chart analysis (Source: TradingView)
The fluctuations got larger after the price was rejected from $0.332, as many traders took profit, causing a sharp drop. As it often happens, traders also moved in at the low point, buying the dip, and pumping it back up. This happened several times, and will likely continue for a while longer until the price stabilizes.
Its Relative Strength Index (RSI) shows that the last 24 hours have seen strong activity. During this period, the RSI went up and down from the neutral value of 55 to the overbought zone at 70 and back again multiple times. However, the larger fluctuations started as the selling pressure increased, pushing the RSI down to 35, only to return to 60 and go back down again.
The market still seems optimistic, given the fact that the RSI has not reached the oversold zone a single time as of yet.
Promising Alternative To Synapse
With Synapse’s price currently on the decline, investors are turning to Best Wallet (BEST), a new crypto that is currently still in presale.
BEST is a native cryptocurrency of Best Wallet — a new mobile wallet that went live in late 2024, only to become a major hit among crypto users. Available for Android and iOS devices, Best Wallet has grown to be the best crypto wallet with no verification, ID, or KYC. It is secure and anonymous, non-custodial, and it supports thousands of cryptos running on over 60 different blockchains.
Best Wallet plays the role of both a wallet and an exchange, allowing you to store coins and tokens, but also buy and sell, swap, send, deposit, and even stake them for a 121% APY. It also allows users to connect other wallets to the app and manage all of their coins and tokens from one place.
Plus, the project has a native launchpad that has rolled out several projects so far, including Pepe Unchained, Wall Street Pepe, and Catslap, each of which saw a massive surge after going live.
Now, the launchpad offers BEST, which will bring additional benefits to its holders, like lower trading fees, even higher staking rewards, early access to new tokens, and the ability to join community governance.
BEST is selling for only $0.025015 right now. Its ICO has already raised over $12.18 million, and is now rushing toward its next milestone. Meanwhile, experts like ClayBro, a crypto YouTuber with over 136k subscribers, think BEST has massive potential that investors should not miss out on.
Investors that want to lock in the best ICO deal will want to buy before the next presale price hike in around 8 hours.
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