Latest Synternet (SYNT) Price Analysis

Deep Dive

1. Post-Migration Sell Pressure (Bearish Impact)

Overview: SYNT’s 1:1 migration from NOIA concluded July 28 (Coinmetro), with 82M SYNT burned July 24 to reduce supply. However, historical data shows token migrations often trigger short-term sell-offs as legacy holders exit.

What this means: While the burn removed 6.9% of supply (bullish long-term), migration completion likely prompted profit-taking from NOIA-era investors. SYNT’s 24h trading volume fell 16.9% to $1.83M, signaling fading momentum post-event.

2. Overbought Technicals (Mixed Impact)

Overview: SYNT’s RSI-14 sits at 71.14 (above 70 = overbought) after rallying 69.8% in 60 days. It now tests the 23.6% Fibonacci retracement at $0.01638, with failure here risking a drop to $0.01546 (-7.4%).

What this means: The pullback aligns with typical profit-taking after extended rallies. MACD histogram momentum (+0.000114) is weakening, suggesting bulls are losing steam.

What to watch: A sustained break below $0.01638 could confirm further downside.

3. Altcoin Liquidity Drain (Bearish Impact)

Overview: The crypto market’s Altcoin Season Index fell 23.64% monthly to 42/100, while total altcoin volume dropped 39.43% weekly. SYNT’s 24h turnover ratio (volume/market cap) is 0.167, indicating thin liquidity exacerbating swings.

What this means: SYNT is caught in a sector-wide retreat – traders are rotating to Bitcoin (dominance +58.76%) amid neutral market sentiment (Fear & Greed Index: 50/100).

Conclusion

SYNT’s dip reflects profit-taking after its migration catalyst, overextended technicals, and a risk-off shift toward Bitcoin. While the project’s AI/data narrative and reduced supply offer long-term potential, short-term traders should monitor the $0.01638 Fibonacci level.

Key watch: Can SYNT hold above its 30-day SMA ($0.0147) if Bitcoin dominance keeps rising?

Deep Dive

1. Supply Shock From Token Burn (Bullish Impact)

Overview: Synternet executed a burn of 82M SYNT (~$1.4M at current prices) on 24 July via Governance Proposal #9, permanently reducing total supply by 6.9%.

What this means: Scarcity mechanics typically boost token value if demand holds steady. With SYNT’s 30-day price up 15.95%, the burn aligns with reduced sell pressure from inflation cuts (recent governance proposals target annual token issuance reductions).

What to look out for: On-chain staking rates – currently 655M circulating supply – to gauge whether reduced supply translates to tighter liquidity.

2. Rebrand Catalyzes AI Narrative (Mixed Impact)

Overview: The NOIA-to-SYNT migration concluded on Coinmetro (28 July), finalizing Synternet’s pivot from decentralized routing to a “real-time data economy” for AI agents (source).

What this means: While the migration itself was procedural, the rebrand amplifies exposure to AI/DePIN trends. However, SYNT’s 90-day price remains -12.91%, suggesting long-term adoption risks persist despite short-term hype.

3. Technical Strength Amid Weak Market (Bullish Impact)

Overview: SYNT’s price ($0.0171) trades above its 30-day SMA ($0.0146), while the RSI14 (66.43) nears overbought levels but hasn’t triggered sell signals. MACD’s bullish crossover (0.000087) supports upward momentum.

What this means: Traders may interpret this as a breakout from consolidation, especially with 24h volume up 23.18% to $2.3M. However, resistance looms at the 200-day SMA ($0.01709) – a close above this level could signal further gains.

Conclusion

SYNT’s 24h rise reflects a supply squeeze from the token burn, rebrand-driven narrative alignment, and technical momentum – though sustainability hinges on AI/data adoption progress. Key watch: Can SYNT hold above the 200-day SMA ($0.01709) to confirm a longer-term trend reversal?