I'm not a huge fan of that initial icicle type stab, or the kick intro; that could just be my preference of genre talking though. I'm also not sure this is synthwave.
A major detractor for me is the lack of a bass line. The only thing we have anchoring us in our key is that tuned kick to tell me we're in Ab minor or something related, and without a bass, subsequently we don't really feel a tie to the tune itself. The kick alone would have been fine for an outro or break. As is, the song feels underdeveloped.
Going without a bass line really limits your chord combinations. With one, you can change the feeling of entire chords just by moving the bass note around in the scale/mode. It's really cool, and I definitely recommend trying it out.
Also, the chords themselves seem like they may just be the same triad ported around. The detuned ... saws(?) sound too loud for your lead to sustain, and percussion is lying on top of that pretty heavily. A little music theory goes a long way; I definitely recommend hitting up YT for inspiration in that regard. Some great channels out there like Signals Music Studios have helped me personally. Guaranteed to take your writing to the next level.
That said, your sound design itself was creative, turning a major sounding melody into a minor chillout. So it's not that I don't dig the idea, just the execution.
Thanks for coming out to NGRMC!