$SNX /USDT, the price of Synthetix (SNX) against USDT is currently at $1.918, showing a 12.43% increase over the last 24 hours. The short-term Moving Averages (MA) indicate a bullish trend, with MA(7) at 1.904 and MA(25) at 1.876, both above the current price, suggesting upward momentum. However, the longer-term MA(99) at 1.771 indicates a historical support level that could act as resistance if the price continues to rise. The trading volume is relatively high, with significant volatility observed between the 24-hour high of 1.934 and low of 1.687. The MACD shows positive momentum, and RSI and K%K are signaling bullish sentiment. Considering these factors, traders might consider a bullish stance for the short to medium term, with potential resistance around MA(99) levels, while monitoring for any signs of reversal or consolidation around key support levels for optimal entry points.

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