$SNX Synthetix is currently consolidating within a descending channel pattern on the daily price is showing signs of a potential strong bounce from current support levels, suggesting that a reversal could be on the horizon

A breakout from this channel could propel the price toward key targets at $1.64, $2.41, and $3.39. Keep an eye on this movement, as the upcoming price action could be significant for traders looking to capitalize on potential gains

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