SNX/USDT is currently trading at $1.356, with a modest gain of +0.52%. The price has been fluctuating between the support level of $1.300 and resistance near $1.400, indicating a consolidation phase after the recent downward trend. The price remains below the 200-period moving average at $1.392, suggesting a bearish sentiment continues to dominate.
The VWAP at $1.333 is slightly below the current price, indicating a potential equilibrium between buyers and sellers, though the bearish bias still lingers.
The RSI is currently at 45.09, reflecting neutral to slightly oversold conditions, indicating that the price might have room for a minor rebound before continuing its trend.
The MACD line stands at -0.011, while the signal line is at -0.016, indicating weak bearish momentum. The histogram is showing negative bars, but they are gradually shrinking, suggesting the bearish momentum is fading.
Key support levels are at $1.300. If the price breaks below this support level, the next target could be around $1.200. However, a break above the $1.400 resistance level could lead to a rally toward $1.500 or higher.
