Synthetix Price Surges 8.02%, Hits $3.0 Level: Time to Buy SNX Tokens?

• Synthetix (SNX) is trading around $2.70 and has a market cap of $661.1 million
• If the current level holds strong, SNX/USD could reach resistance levels of $3.20, $3.40 and $3.60
• According to the technical indicator Relative Strength Index (14), Synthetix may exhibit an upward trend

Synthetix Price Prediction

The Synthetix prediction price is changing hands at $2.70 as the technical indicator Relative Strength Index (14) faces the 60-level. Synthetix Market Price Statistic shows that the price now stands at $2.70 with a market cap of $661.1 million, circulating supply of 252.8 million and total supply of 314.8 million coin market ranking #76 respectively.

SNX/USD Key Levels

The potential resistance for SNX/USD is located at $2.90, while the next target could be located at $3.00 where it trades above the 9-day and 21-day moving averages with daily low spotted at support level of$ 2.40 . However, if this level fails to hold strong, Synthetix (SNX) could slip below these moving averages .

Synthetix Ready for Upside?

According to daily chart analysis, there are indications that Synthetix price is facing an upside as bulls return back into the market which could send SNX/USD straight above upper boundary of channel towards resistance levels of $3.20,$ 3:40 &$ 3:60 respectively . In addition , a break towards lower boundary may bring coin toward critical supports at levels such as$ 2:00 ,$ 1:80 &$ 1:60 . Meanwhile , looking at Relative Strength Index (14), there are tendencies that Synthetix will follow an upward trend as signal line moves toward 60 -level suggesting market head to upside direction when compared with Bitcoin where it attempts to cross 9 -day &21 -day moving average which may hit nearest resistance at 1200 SAT .


From all indications gathered from daily chart analysis & technical indicators , it can be said that there are bullish prospects for synthethicx in short term outlook but any movement either up or down should only be confirmed once it closes above or below certain key resistances or supports respectively .


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