Syndicate (SYND) is currently priced at $0.832932, reflecting a substantial 24-hour decline of 40.45%. The price action shows significant volatility, with a daily range between a high of $1.4 and a low of $0.706374, indicating a heightened risk environment for traders.

The trading volume of 7,001,331 SYND suggests moderate market interest, with a volume-to-market cap ratio of 1.76%. Despite this, the extreme RSI readings of 100 for both the 1-hour and 7-day periods indicate an overbought condition, which typically precedes price corrections in asset behavior.

Given the recent price action and the sharp decline, the market sentiment around SYND appears bearish in the short term. The all-time high of $1.4, reached recently on September 18, 2025, adds pressure as traders might expect a reversion to mean prices following this dramatic drop.

Considering the technical indicators, the current price is well below the recent high, and the significant daily loss could signal continued selling pressure. Therefore, the combination of overbought indicators and the recent sharp price decline leads to a recommendation to Sell, as the potential for further downside exists until a stabilization pattern is observed.