Get started

SNX

Upward Trend Despite Recent VolatilitySynthetix Network Token (SNX) is a digital asset currently trading at $2,850 per token. Looking at the daily timeframe, the Relative Strength Index (RSI) is now at 54.5, indicating that the asset is not overbought or oversold. The volume oscillator is at 5.67%, which suggests that there has been moderate trading activity in the asset. When considering the Fibonacci levels, the 0 Fibonacci level is at 2.219, the 0.5 Fibonacci level is at 2.660, and the 1 Fibonacci level is at 3.100. These levels indicate possible support and resistance levels for the asset. The daily timeframe upper Bollinger band is at 3.239, the middle Bollinger band is at 2.720, and the lower Bollinger band is at 2.200. These bands provide additional information on the asset's volatility and potential trading ranges. Looking at the Moving Average Convergence Divergence (MACD), the value is 0.008, indicating a bullish signal. The Stochastic Oscillators are at 62.11, suggesting that the asset is trending upward. The price of SNX has fallen by 10.80% in the past seven days. However, there has been a recent increase in price by 32.82% in the last 24 hours, and in the past hour alone, the price has grown by 2.00%. Notably, the current $2.86 per SNX is 90.07% below the all-time high of $28.77. Based on the given information, SNX is in an upward trend. However, it is important to remember the possible resistance levels provided by the Fibonacci levels and Bollinger bands. Additionally, the asset's recent history of volatility and drastic price changes should be considered when considering investments in SNX.
by MonoCoinSignal
4
✳️ Synthetix Bullish Continuation = Bullish Confirmation (80%+)Synthetix (SNXBTC) today confirms its bullish bias by producing a strong breakout above EMA300 and MA200. Bullish continuation = bullish confirmation. 😉 It is now confirmed, once more, that the bulls own this market. You can expect much more growth. You can read the 'Related Ideas' below for the previous charts and also to find AGIXBTC which can help you determine how far up SNXBTC will go. To know how far up the USDT pairs will go, check FETUSDT. I hope that helps. Namaste.
Long
by AlanSantana
1
Synthetix (SNX) Ignites Market ExcitementIntroduction: Synthetix (SNX) is a decentralized protocol that allows the creation of synthetic assets on the Ethereum blockchain. It has been gaining popularity in the cryptocurrency market due to its unique functionalities and innovative approach to synthetic assets. In this technical analysis, we will examine the SNX/USDT trading pair and provide an overview of its current trend and potential price movements. Current Trend Analysis: SNX/USDT has been moving in an uncorrelated manner compared to most of the coins in the cryptocurrency market, indicating strong price strength. This strength can be attributed to the major resistance level that was broken on the daily timeframe. This breakthrough suggests that the mid-term uptrend is likely to continue. Price Predictions: Based on our technical analysis, we anticipate a major 40% price increase from the current level. However, investors need to watch out for a new lower low, as this could invalidate the bullish outlook. Conclusion: In conclusion, the SNX/USDT trading pair presents a promising opportunity for investors to participate in the growth of the Synthetix protocol. Its unique functionalities and innovative approach to synthetic assets make it a valuable addition to any investment portfolio. With the current trend and potential price movements, it is crucial to stay informed and vigilant to make the most out of this opportunity.
Long
by CryptoPAMM
$SNX/#BTC [#Synthetix]: SuperTrend BBand_Breakout◳◱ We've detected both a Bollinger Band breakout and a Super Trend pattern on the $SNX / $BTC chart. Both indicators are signaling a bullish trend, with the Bollinger Band indicating a potential bullish trend as the price has moved outside of the upper band and the Super Trend showing a bullish trend. This is a stronger bullish signal as both indicators are aligned. It may be a good idea to consider buying at the current price zone and targeting higher levels. Our analysis indicates that the key resistance levels are at 0.0001216 | 0.0001297 | 0.0001481 and the major support zones are at 0.0001032 | 0.0000929 | 0.0000745. However, it is still important to consider other factors such as overall market conditions, and other technical indicators before making a trade decision. ◰◲ General info : ▣ Name: Synthetix ▣ Rank: 77 ▣ Category/Sector: Financial - Derivatives ▣ Overview: Background details for Synthetix project are currently unavailable. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.0001128 ₿ ▣ 24HVol: 7.905 ₿ ▣ 24H Chng: 4.93% ▣ 7-Days Chng: -4.82% ▣ 1-Month Chng: 7.34% ▣ 3-Months Chng: 60.08% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.0001216 | 0.0001297 | 0.0001481 ◢ Support: 0.0001032 | 0.0000929 | 0.0000745 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: 0.79 ▣ Last 90D: 2.06 ▣ Last 1-Y: 0.36 ▣ Last 3-Y: 0.72 ◲◰ Volatility : ▣ Last 30D: 1.21 ▣ Last 90D: 1.01 ▣ Last 1-Y: 1.46 ▣ Last 3-Y: 1.68 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.56 - Bullish ▣ Reddit sentiment score is 0.28 - Very Bearish ▣ In-depth SNXBTC technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF