国会山资本

What's the use?

It's all reset, yet still playing this.

There is no minimum, only lower.

Do you dare to go out wearing that?

This casual issuance?

BTC

Let's change warehouses

Brothers $SNX , let's start buying spot goods.

$SNX snx 蓄势待发，或将引领下一波山寨狂潮！！！

$SNX SNX Dangerous signals frequently appear, is the bear market outlook concerning?
Recently, the performance of SNX has been weak, raising market concerns. From the chart, it can be seen that SNX has broken through key support levels (blue line), and trading volume continues to shrink, indicating a lack of market confidence. Considering the following points, SNX may face further declines:
Weak technicals: breaking through the key support level of $2.34, with bearish forces dominating.
Shrinking trading volume, lacking upward momentum, indicates potential selling pressure.
The MACD indicator has crossed downwards, indicating a downward trend that is difficult to reverse in the short term.
The RSI indicator continues to decline, currently breaking below 30 and entering the oversold zone, but no obvious reversal signal has appeared, necessitating caution against further downside risk.
The Bollinger Bands are opening downwards, with prices breaking below the lower band, indicating a strong bearish trend.
Fundamental uncertainties: increased competition in the DeFi market, with liquidity staking protocols like Lido emerging, causing certain impacts on SNX.
The development of the Synthetix protocol has not met expectations, lacking new growth points, such as slow expansion in the Layer 2 sector.
Overall sentiment in the crypto market is low, with BTC continuing to oscillate, which is unfavorable for SNX's rebound.
On-chain data is unfavorable: the number of active addresses and trading volume on the SNX blockchain continues to decline, reflecting reduced market participation.
Large holders have reduced their positions, possibly indicating selling pressure.
External environment is unfavorable: increasing global macroeconomic uncertainties, rising expectations for Fed interest rate hikes, putting pressure on risk assets.
Tightening regulatory policies, with the US SEC's unclear stance on cryptocurrency regulation, may impact the DeFi market.
In summary, it is difficult to be optimistic about SNX in the short term.

$SNX SNX: High-level fluctuations, bearish signals have emerged!
Hello everyone, today I will analyze the trend of SNX.
From the chart, since October last year, SNX has been fluctuating in the range of $4.5 to $3, forming a large central zone. Recently, although the price has broken through the central zone, the momentum is clearly insufficient, and the trading volume has not effectively increased, leading to divergence.
Analysis from the perspective of Chan Theory:
Weak upward movement: After breaking the previous high, the upward movement is obviously weak, failing to create a new high, and accompanied by a decrease in trading volume, forming a top divergence.
Central zone not effectively broken: Although the price has broken through the upper edge of the central zone, it has not stabilized, making the possibility of a false breakout quite high.
Downward confirmation: The price is currently pulling back down, breaking below the previous high point, confirming the end of the previous upward movement, and forming a downward movement.
Overall, SNX's current trend is weak, and bearish signals have emerged.

$SNX Synthetix Network Token (SNX) Crash Alert! This bear market shows no signs of ending!
Brothers, take a look at this dreadful K-line chart! SNX has plummeted more than 95% from its glorious peak in 2021! Once a star project in DeFi, it has now fallen into obscurity. Grayscale has been reducing its holdings of SNX while increasing its holdings in other cryptocurrencies.

Technical Analysis:

Death Spiral: In the long term, SNX is in a clear downward channel, with every rebound unable to break past previous highs, instead continuously setting new lows.
Shrinking Volume: During the decline, trading volume has consistently shrunk, indicating heavy selling pressure and a lack of market interest.
Support Level Breakdown: The former support level of 1.954 has been breached, and there is no obvious support below, indicating significant downward potential.

Fundamental Analysis:
DeFi Boom Cooling: As the DeFi market cools down, SNX, as one of the leaders in DeFi, is also unable to escape its fate.
Increased Competition: New DeFi projects are emerging one after another, gradually weakening SNX's competitive edge.
Lack of Innovation: The SNX project is progressing slowly, lacking new application scenarios and technological breakthroughs, making it difficult to attract new investors.

Summary:
SNX is currently in an extremely weak position, with no favorable factors evident in either technical or fundamental analyses. It is advised that investors hold cautiously or even cut losses in a timely manner; do not fantasize about bottom fishing! This bear market may last longer than you think!

From the daily chart of SNX/USDT, the trend of SNX is indeed not optimistic, with obvious bearish signals. The main reasons are as follows:
1. Breaking key support level: SNX previously formed an important support level around $3.1, receiving support and rebounding multiple times. However, recently SNX has effectively broken this key support, and the rebound lacks strength, indicating strong bearish momentum, and the downtrend is likely to continue.
2. Death cross: The chart shows that the 5-day moving average has crossed below the 20-day moving average, forming a "death cross," which is a typical bearish signal, suggesting that SNX may further decline in the short term.
3. Shrinking trading volume: During the decline of SNX, the trading volume has not significantly increased; instead, there are signs of contraction. This indicates a lack of buying support in the market, and the downward momentum is likely to persist.
4. Overall market environment: The current sentiment in the cryptocurrency market is weak, lacking obvious positive news stimulation. In this context, it is difficult for SNX to establish an independent trend.
5. Technical indicators: The MACD indicator shows that the DIFF line is running below the zero axis, and the green bars continue to expand, indicating that bearish momentum is continuously strengthening.
In summary, the current technical indicators and market environment for SNX are not favorable for bulls, presenting significant downside risks. Investors are advised to operate cautiously, manage risks, and set stop-loss orders in a timely manner.

$SNX Grayscale Reduction SNX: Grayscale, as a barometer in the cryptocurrency field, often influences market sentiment through its holding changes. The recent decline in SNX holdings likely indicates that Grayscale's future outlook on SNX is no longer optimistic, and they may even be reducing their position. This could trigger other institutional investors to follow suit, exacerbating the selling pressure on SNX and leading to a price drop.
Potential Risks of the Synthetix Platform: Grayscale's reduction in holdings may reflect their concerns about the development prospects of the Synthetix platform. As a synthetic asset protocol in the DeFi space, Synthetix faces intense market competition and technical challenges, such as trading efficiency and user growth on the Synthetix platform.
Security Risks: Security issues such as smart contract vulnerabilities and oracle attacks could lead to significant losses for the Synthetix platform.
Regulatory Uncertainty: The regulatory policies in the DeFi space are still unclear, which may affect the future development of the Synthetix platform.
Limitations of the SNX Token Economic Model: The value of the SNX token primarily depends on the trading fees and staking rewards of the Synthetix platform. If the Synthetix platform cannot maintain continuous growth, the value of SNX may be impacted.

Although Synthetix announced the suspension of the SNX buyback and burn plan to support the sUSD debt destruction, benefiting V2 SNX stakers and V3 SNX liquidity providers, this move may have a negative impact on the long-term value of SNX.
Lack of deflationary mechanism: Buybacks and burns are important means to reduce token circulation and enhance token value. Suspending this plan means that SNX will lose an important deflationary mechanism, potentially leading to an increase in token supply and diluting the value of existing holders.
Lack of incentives for long-term holders: While the sUSD debt destruction is beneficial for V2 and V3 users, this measure may not attract new investors or incentivize holding SNX in the long term.
Market sentiment: The suspension of the buyback and burn plan may be interpreted by the market as a negative signal, prompting investors to sell SNX, leading to a price decline.

Return to zero.

Brothers, $SNX , let's go all in on snx spot.

$SNX snx I am currently not in a good position to express my opinions, and I temporarily do not recommend aggressive long positions.

$SNX 明显的顶部信号: 价格在11月14日触及3.6美元高点后快速回落，形成类似“射击之星”的K线形态，预示着上涨动能衰竭，顶部迹象明显。
跌破关键支撑: 价格跌破了前期平台整理区域（2.7美元附近）的支撑，且伴随成交量放大，表明空头力量强势，下跌趋势得到确认。
均线空头排列: 短期均线（如MA5、MA10）已下穿长期均线（如MA20、MA30），形成空头排列，预示着中短期趋势偏空。
MACD指标死叉: MACD指标在高位形成死叉，且DIFF线向下跌破0轴，表明市场趋势转弱，空头力量占据主导。
成交量萎缩: 近期成交量逐渐萎缩，表明市场参与度下降，缺乏上涨动力。
综合以上分析，SNX目前走势偏弱，存在进一步下跌的风险。
兄弟们，。。做空，做空，做空

2.0美元甚至以下才是心理关口。