SYN Pumps +20% Today. Why Synapse (SYN) is Surging Again on Binance Quick Analysis

SYN/USDT on Binance just surged +20.43% in 24 hours to $0.0890, hitting a high of $0.1002 with solid volume: 68.74M SYN traded + $5.89M USDT.
Why the pump right now?
Ongoing momentum in February 2026
Filecoin Onchain Cloud Integration Boost Synapse SDK live on Filecoin mainnet (Jan 2026 launch) enables decentralized storage/payments for dApps real utility upgrade shifting narrative to broader Web3 infra. This sparked dev interest and continues driving demand.
Technical Breakout Continuation Price exploded from Jan lows $0.045-0.06 (oversold zone), with bullish EMA cross (25/50/100), expanding Bollinger Bands, and massive volume. Rebound after deep bear market/FUD (Coinbase delist 2025 impact fading).
Altcoin Rotation & Volume Squeeze Early Feb rotation into cross-chain DeFi plays high volume confirms real buying, not just hype. Outperforming global market (+82% in 7d in some reports).
DAO/Supply Positives Governance for SYN CX migration (1:5.5 rate, open until Feb 2026) + potential burns creating scarcity buzz.
Quick technicals from the chart:
Strong breakout above key resistance $0.07-0.08, now consolidating around $0.089 after high $0.10+
EMAs aligned bullish, price above levels momentum upward.
RSI heating but room left; watch hold above $0.08 for more upside.
Short-term outlook
Bullish if holds $0.08+: Could push to $0.10-0.12 (next fib resistance) or higher with continued infra hype.
Risks High volatility (post-pump pullbacks common), profit taking, or broader correction. SYN has solid cross-chain utility, but mid-cap risky.
What do you think More moon from Filecoin tie-in, or retrace? Share charts/thoughts.

Disclaimer
This analysis is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are extremely volatile and risky. The author may hold positions in mentioned assets. Always conduct thorough research and never invest more than you can afford to lose.