Why is SYN’s price down today? (13/02/2026)

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Accepted Answer

## TLDR
Synapse is down 7.82% to $0.0460 in 24h, underperforming a broadly weaker crypto market, primarily driven by a macro-induced risk-off sell-off.

1. **Primary reason:** Beta-driven sell-off amid broader market weakness, as traders brace for key US inflation data.
2. **Secondary reasons:** No clear coin-specific catalyst was visible in the provided data.
3. **Near-term market outlook:** Direction hinges on the broader market's reaction to the January CPI report, due this week. If risk sentiment improves, SYN could stabilize near $0.045; a deeper market sell-off risks a test of lower support.

## Deep Dive
### 1. Macro-Driven Market Weakness
Synapse moved in the same direction as Bitcoin (-1.17%) and the total crypto market cap (-1.16%), but with a larger decline. This indicates it was caught in a broad, risk-off move. The dominant market driver is anticipation of the delayed January US Consumer Price Index (CPI) report, with traders concerned that persistent inflation could delay Federal Reserve rate cuts ([Yahoo Finance](https://finance.yahoo.com/news/bitcoin-crypto-markets-brace-impact-092637933.html)).

**What it means:** The drop appears more correlated with macroeconomic anxiety than project-specific news, highlighting SYN's sensitivity to general crypto market sentiment.

**Watch for:** The CPI data release, which could dictate short-term direction for risk assets.

### 2. No Clear Secondary Driver
The provided news and social context contained no mentions of Synapse-specific developments, partnerships, or on-chain activity that would explain its underperformance relative to the market.

**What it means:** Without a visible catalyst, the price action aligns with a simple "risk-off" flow where altcoins with thinner liquidity, like SYN, experience amplified downside during market stress.

### 3. Near-term Market Outlook
The immediate trigger is the CPI report. If the data cools fears and the broader market finds a bid, SYN could attempt to hold recent support around $0.045. However, its high 24h turnover ratio of 0.368 indicates a thin, volatile market where prices can move sharply on low volume. A negative macro surprise that pushes Bitcoin below $65k could see SYN break support and target lower levels.

**What it means:** The trend is bearish but contingent on macro developments rather than internal project dynamics.

**Watch for:** Bitcoin's price action around $66k and the market's reaction to the CPI print.

## Conclusion
**Market Outlook: Bearish Pressure**
Synapse's decline is a function of deteriorating macro sentiment impacting the entire crypto complex. With no project-specific catalyst to counter the sell-off, it remains vulnerable to further market-wide downside.

**Key watch:** Monitor if SYN can stabilize above $0.045 following the CPI data release, or if it breaks down with the next wave of market selling.

Latest Synapse (SYN) Price Analysis

Deep Dive

1. Macro-Driven Market Weakness

2. No Clear Secondary Driver

3. Near-term Market Outlook

Conclusion

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