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📉$SNX / USDT Market Update
Synthetix ( $SNX ) is currently trading at $1.988, showing a -0.45% change in the last 24 hours. Here’s a quick breakdown of the current price action from the 15-minute chart:
📊 Key Metrics:
24H High: $2.07224H Low: $1.91624H Volume:SNX: 3.62MUSDT: 7.23M
🔍 Moving Averages (MA):
MA(7): $2.000MA(25): $1.996MA(99): $1.997
📉 Technical Insights:
The price briefly tested support at $1.962 before rebounding, though it’s encountering resistance around the MA(7) level.A bearish crossover between the MA(7) and MA(25) suggests continued downward pressure in the short term.
⚡ Key Levels to Watch:
Support Zones: $1.962 - $1.916Resistance Zones: $2.000 - $2.017
💬 What’s Next for SNX?
The chart indicates a period of consolidation as the price tries to hold above $1.980. A break below $1.960 could lead to further downside, while a push above $2.017 would signal bullish momentum.
Are you holding SNX, or waiting for the next breakout? Share your insights and strategy in the comments! 🚀