SYNO
1. Fundamental Analysis
1.1 Introduce
Synonym is a universal cross-chain money market built for DeFi power users. It is built on the Wormhole (W), Arbitrum, Pyth and Circle CCTP technology stacks. Users can seamlessly lend, borrow and earn from any connected chain. Synonym unifies liquidity and provides a superior cross-chain lending UX that will eventually stretch across dozens of ecosystems, EVM and non-EVM included.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | SYNO | Market Cap | 609255.312 |
| Name | SYNO | White Paper | -- |
| Web Site | https://www.synonym.finance/ | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://arbiscan.io/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | 800000000 | |
| Supply | 800000000 | Release Date | 2024-02-06 |
| Available Supply | 151707000 |
2. Technical Analysis
2.1 Kline Data
| Date | Open | High | Low | Close | Volumn |
|---|---|---|---|---|---|
| 2025-01-01 | 0.004002 | 0.004022 | 0.004002 | 0.004016 | 306.34187823 |
| 2024-12-31 | 0.004259 | 0.004259 | 0.004072 | 0.004072 | 586.34572748 |
| 2024-12-30 | 0.00435 | 0.004394 | 0.004257 | 0.004257 | 433.14042133 |
| 2024-12-29 | 0.004412 | 0.004412 | 0.00433 | 0.00433 | 326.49486814 |
| 2024-12-28 | 0.004383 | 0.004427 | 0.004343 | 0.004427 | 164.36720227 |
| 2024-12-27 | 0.004275 | 0.004444 | 0.004275 | 0.004419 | 1112.59419248 |
| 2024-12-26 | 0.004527 | 0.004734 | 0.004418 | 0.004442 | 1741.55780417 |
| 2024-12-25 | 0.004527 | 0.00468 | 0.004527 | 0.004657 | 492.236011 |
| 2024-12-24 | 0.004657 | 0.004666 | 0.004441 | 0.004599 | 1849.94720439 |
| 2024-12-23 | 0.004281 | 0.004638 | 0.004281 | 0.004634 | 672.46274805 |
| 2024-12-22 | 0.004333 | 0.004496 | 0.004319 | 0.004328 | 1929.82439361 |
| 2024-12-21 | 0.004695 | 0.004729 | 0.004467 | 0.004476 | 1315.95729664 |
| 2024-12-20 | 0.004798 | 0.004798 | 0.004251 | 0.004617 | 5844.32814652 |
| 2024-12-19 | 0.005256 | 0.005394 | 0.004393 | 0.004513 | 5552.65597774 |
| 2024-12-18 | 0.005565 | 0.005759 | 0.005235 | 0.005235 | 4183.98468285 |
| 2024-12-17 | 0.005684 | 0.00582 | 0.00566 | 0.005683 | 2002.55662972 |
| 2024-12-16 | 0.00464 | 0.005916 | 0.00464 | 0.005684 | 4449.07979531 |
| 2024-12-15 | 0.004519 | 0.00464 | 0.004519 | 0.004626 | 587.91966486 |
| 2024-12-14 | 0.004638 | 0.00464 | 0.004599 | 0.004599 | 135.31404078 |
| 2024-12-13 | 0.004622 | 0.004784 | 0.004622 | 0.004705 | 791.98943314 |
| 2024-12-12 | 0.004828 | 0.004914 | 0.004653 | 0.0047 | 3608.33936264 |
| 2024-12-11 | 0.004442 | 0.004706 | 0.004375 | 0.004685 | 1315.99892491 |
| 2024-12-10 | 0.004181 | 0.004387 | 0.004008 | 0.004387 | 4246.37552329 |
| 2024-12-09 | 0.00408 | 0.0054 | 0.003726 | 0.004142 | 10540.17616409 |
| 2024-12-08 | 0.003931 | 0.004274 | 0.0021 | 0.004053 | 5749.96392262 |
| 2024-12-07 | 0.004164 | 0.004224 | 0.003345 | 0.004217 | 1553.67529907 |
| 2024-12-06 | 0.004 | 0.004275 | 0.004 | 0.004267 | 2285.39701627 |
| 2024-12-05 | 0.004296 | 0.00436 | 0.0015 | 0.004049 | 6953.87110119 |
| 2024-12-04 | 0.003639 | 0.007873 | 0.003639 | 0.004272 | 9731.54914665 |
| 2024-12-03 | 0.00367 | 0.003739 | 0.0035 | 0.003739 | 1749.87500233 |
2.2 Analysis
The 30-day OHLCV data reveals a period of significant volatility followed by a consolidating trend. The price experienced a sharp drop around December 9th, 2024, before recovering and then consolidating in a range between approximately 0.004 and 0.005. Recent price action suggests a potential short-term upward trend, but further confirmation is needed before strong bullish predictions can be made. Overall, the medium-term outlook remains uncertain, with the potential for both further upward and downward movement. Significant volume increases accompany the most dramatic price swings. Further analysis of indicators is required for precise future trend prediction.
