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SNX

SNXUSDT At a Crucial Point: A Major Breakout or Breakdown Ahead?Yello Paradisers! Could #Synthetix be on the cusp of a massive breakout or a steep decline? The charts are heating up, and the action around the #SNXUSDT is worth watching: 💎#SNX is gearing up for a major breakout from its descending channel on a daily timeframe. The price has consistently respected the trendlines within this formation, but recent developments suggest we could be on the verge of a significant move. 💎#Synthetix is testing the critical support zone of $1.72-$1.94, a crucial area brimming with liquidity. This zone could serve as a launchpad for a breakout above the descending resistance line, potentially marking a trend reversal and aligning with our bullish forecast. 💎There is a Major Support Zone at $1.72-$1.94. A bounce from this level could be the start of an upward rally. Watch for strong buying interest here. 💎If the liquidity at the major support zone isn't enough, we might see a move down to $1.39. A strong buying response at this level could still spark a bullish run for $SNX. 💎However, if both the major and lower support levels fail, #SNXUSDT might face increased bearish pressure, possibly leading to further declines. Remember, disciplined trading and patience are your best allies. MyCryptoParadise iFeel the success🌴
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by MyCryptoParadise_Simon
SNX Technical Analysis in Weekly TimeframeHello everyone, I’m Cryptorphic. For the past seven years, I’ve been sharing insightful charts and analysis. Follow me for: ~ Unbiased analyses on trending altcoins. ~ Identifying altcoins with 10x-50x potential. ~ Futures trade setups. ~ Daily updates on Bitcoin and Ethereum. ~ High time frame (HTF) market bottom and top calls. ~ Short-term market movements. ~ Charts supported by critical fundamentals. Now, let’s dive into this chart analysis: The chart shows a historical trend with significant volatility, indicating potential for substantial movement in both directions. Currently, SNX is trading near its crucial support level at $1.50. A close below this support will likely pull the price toward the lower support at $0.731. The chart is likely to get invalidated for the bullish outlook if breached. The projected upside target of $28.935 suggests a massive potential gain if the price action reverses and gains momentum. An 18x gain isn't gonna be an easy task for $SNX. Key levels: - Crucial Support: $1.50. - Lower Support: $0.731. - Target: $28.93. - Invalidation Point: A close below the lower support. DYOR, NFA. Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see! Thank you! #PEACE
by Cryptorphic
SNX/USDT BREAKOUT DONE! LOOKS READY FOR A PUMP!!Hey everyone! If you enjoy this content, please consider giving it a thumbs up and following for more analysis. SNX/USDT looks good here. Breaks out from the falling wedge-like structure in a 4-hour time frame and currently retesting it. Long some here and add more in the green box. Entry range:- At CMP and add more up to $1.84 Targets:- $2.08/$2.24/$2.38/$2.53/$2.74 SL:- If a 4-hour candle closes below $1.84 or if you don't pay attention then put your SL at $1.70 Lev:- Use low leverage(Max 5x) What are your thoughts on SNX's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
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by CoreCrypto1
SNX buy setupSNX seems to be getting ready to move to the supply side. A bullish CH and hitting higher bottoms is a bullish sign that we have on the chart. The target is supply Closing a daily candle below the invalidation level will violate the analysis Note that the financial market is risky, so: Do not enter any position without confirmation and trigger. Do not enter a position without setting a stop. Do not enter a position without capital management. When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit. If you have any comments please post them, comments will help us improve our performance Thanks
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by iMoneyTeam
$SNX typical market cycle (psychology)Pretty clean chart for $SNX. - years of wyckoff accumulation - higher lows - riding weekly MAs in my opinion it appears to be a typical market cycle progressing within the defi space. it's kind of doing its own thing while retail speculates on other coins. This is one of those set it and forget it type of charts. Looks like it wants to break out in the coming months. I recommend more of a position trader mindset. invalidation under 3 bucks (if it decides to turn back over). doesn't hurt to give this one a chance. will you take it?
COINBASE:SNXUSDLong
by Barrenbull
1
Synthetix (SNX) Primed for Bullish Surge After Decisive BreakoutFollowing a period of consolidation, SNX decisively broke above its established support at $3.00. This bullish move comes after several attempts by sellers to push the price lower, all of which were met by strong buying pressure. This sustained buying pressure suggests a significant shift in sentiment among investors, who are now turning increasingly bullish on SNX. The first major resistance level for SNX at $7.40. A successful reclaim of this level would provide further confirmation of the bullish trend and could pave the way for a continued ascent toward the second resistance level at $13.80. Key Levels to Watch: Resistance 1: $7.40 Resistance 2: $13.80 Support: $3.00
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by Z4F4R
🚀 SNX: A Crypto Marvel Unveils Its Potential! 🌐💎Greetings Crypto Enthusiasts! 👋 SNX, a true gem in the crypto cosmos, shines brightly with a market cap of 958M. 📊 SNX Essentials: Market Cap: 958M Circulation Supply: 304,391,280 SNX Total Supply: 328,193,104 SNX TVL : 647M ⚖️ Chart Analysis: Accumulation Unfolding: Witness the grand accumulation depicted by the dark green rectangle and a smaller, already conquered one (light green rectangle). A potential retest might linger until the yellow trend line. Brace for the skyward journey upon the breakout from the larger accumulation. ⚡️ Trading Strategy: Timing is Everything: Recognize the market's correction mood. This is a weekly chart, demanding a patient stance – could be a day, could be months. Strategic Alerts: Set alarms at 2.61 - 2.00 - 1.45. Distribute your SNX funds into thirds, ready for action at these levels. 📈 Optimistic Outlook: While the current level may signal a reversal, patience is key. Hold off on buying here. Anticipate reaching the upper red level, with a realistic mindset. Golden Rules: DCA Always: A timeless strategy in crypto. DYOR (Do Your Own Research): Knowledge is paramount. No All-In: Navigate wisely; avoid going all in. 🚨 Disclaimer: This isn't financial advice but a friendly guide for strategic crypto exploration. Wishing you the best on your SNX adventure! 🚀🌟💰
by KarimMohsen
SNX/USDT upward momentum? 👀 Synthetix Today Analysis💎Paradisers, zoom in on #SNXUSDT, as it's showing clear signs of an impending major move from a critical demand level. 💎#Synthetix is currently on an upward swing, hinting at a bullish continuation. It's been tracking a descending channel pattern, consistently respecting the channel's resistance. We're anticipating a retest at the demand level of $3.091, which could set the stage for a continued upward momentum. A successful hold above this level for #SNX might open the path to a significant resistance zone at $4.769. 💎 However, should #SNX encounter obstacles in maintaining its position above the $3.091 threshold, a strategic recalibration may be required. In such a scenario, we would consider shifting our focus to a bullish ascent from a secondary demand level at $2.709. 💎 Monitoring this level is essential, as failing to sustain it could indicate a shift towards a more bearish trend in the #SNX market.
Long
by MyCryptoParadise_Simon
3
SNX/USDT in a Position for Exponential Rally? 👀🚀SNX Analysis💎Paradisers, gear up for a thrilling ride with #SNXUSDT! It's currently spotlighting a support zone, suggesting a bright bullish trajectory lies ahead. 💎Lately, tracing an ascending channel, #Synthetix is on a climb. Now, it's amassing momentum for a bullish leap from the $3.86 support zone, with ambitions to breach key resistance barriers. 💎If the bullish fervor persists, we foresee NYSE:SNX taking on the $4.9 resistance zone. Breaking through this barrier may set the stage for tackling even loftier resistance tiers. 💎Conversely, if #SNX meets resistance and momentum wanes, a bullish revival from the $3.05 support level could become pivotal. Dropping below this threshold might usher in a significant downturn.
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by MyCryptoParadise_Simon
SNX/USDT Bullish move from Key Support? 🚀 Synthetix💎 Paradisers, brace yourselves for a promising trading moment with #SNXUSDT, as it's strategically placed at a crucial support zone, signaling a potential bullish shift. 💎 Delving into #Synthetix path, it's on an upward trajectory from the significant support mark of $3.530. Holding steady at this level suggests a high chance for a bullish breakout. Keep an eye on the immediate target, the resistance at $3.713, where surpassing it could steer the price towards $4.438. 💎 Should the momentum for #SNX begin to fade, we're poised for a bullish comeback from the solid foundation at $3.364. Yet, dropping below this critical level could denote a move towards a bearish landscape.
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by MyCryptoParadise_Simon