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Synthetix (SNX/USD) Rockets Higher: $2.5 Within Reach

Synthetix
June 24, 2022

Synthetix (SNXUSD) Lurks in the Overbought Region.

SNXUSD Analysis: The Market Lurks in an Overbought Region SNXUSD lurks in an overbought region on the daily timeframe. The market has reached the upper limit of the descending channel. SNXUSD Major Zones Supply Zones: $8.2100, $0.6010 Demand Zones: $4.510, $3.510 SNXUSD has been bearish since the b...
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June 15, 2022

Synthetix (SNXUSD) Is Powerless To Resist as Sellers Plunge the Market

Synthetix Analysis – SNXUSD Is Powerless To Resist the Pressure From Sellers Synthetix is powerless to resist the pressure from sellers and has plunged to a two-year low. This is despite the best efforts of the buyers to lift the market. The price fluctuated at $2.730, such that it conformed ...
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June 08, 2022

Synthetix (SNXUSD) Fails to Break the $3.450 Significant Level

Synthetix Analysis – Price Fails to Break the $3.450 Significant Level Synthetix fails to break a level despite a recent surge in the market. The coin tapered through a triangle pattern for several days before it broke out on the 30th of May. However, the bullish rally ended abruptly after it...
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May 18, 2022

Synthetix (SNXUSD) Is Stabilizing its Market at the $2.730 Support Level

Synthetix Analysis – The market is stabilizing itself at $2.730 Synthetix is stabilizing its market at the $2.730 support level. This comes after the coin became weary from holding on to $4.550. Bearish pressure contributed to the plunge of the market below this key level. However, after dipp...
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May 03, 2022

Synthetix (SNXUSD) Is Struggling to Maintain a Hold Above $4.550

SNXUSD Analysis – Price Is Struggling to Maintain Stability Above $4.550 SNXUSD is struggling to maintain stability above the $4.550 support level. The market’s latest attempt to stop its ranging movement came on the 1st of April when the market pushed upwards. But the uptrend was halted at $8.000....
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