Binance Square
国会山币神佩洛东
Following
Followers
Liked
Shared
All Content
--
See original
SNX is poised to take off and may lead the next wave of altcoin frenzy! Missed the altcoin feast in March and December? Don't miss out on SNX again!Reasons to be bullish on SNX It is well-known that countless altcoins experienced astonishing rallies in March and December 2014, creating numerous wealth myths. However, Synthetix (SNX) has remained low-key and stable. Does this mean SNX has missed the opportunity? The answer is no! On the contrary, SNX is like a beast ready to pounce, about to explode! Synthetix is a decentralized synthetic asset issuance protocol built on the Ethereum and Optimism blockchains. The protocol allows users to mint and trade various synthetic assets, including cryptocurrencies, fiat currencies, stocks, indices, etc. SNX is the native token of the Synthetix network, used for collateralizing synthetic assets and participating in network governance.

SNX is poised to take off and may lead the next wave of altcoin frenzy! Missed the altcoin feast in March and December? Don't miss out on SNX again!

Reasons to be bullish on SNX
It is well-known that countless altcoins experienced astonishing rallies in March and December 2014, creating numerous wealth myths. However, Synthetix (SNX) has remained low-key and stable. Does this mean SNX has missed the opportunity? The answer is no! On the contrary, SNX is like a beast ready to pounce, about to explode!
Synthetix is a decentralized synthetic asset issuance protocol built on the Ethereum and Optimism blockchains. The protocol allows users to mint and trade various synthetic assets, including cryptocurrencies, fiat currencies, stocks, indices, etc. SNX is the native token of the Synthetix network, used for collateralizing synthetic assets and participating in network governance.
--
Bullish
See original
Brothers $SNX , let's start buying spot goods.
Brothers $SNX , let's start buying spot goods.
--
Bearish
See original
$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 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.
See original
$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 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.
See original
$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!
$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!
See original
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.
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.
See original
$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.
$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.
See original
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.
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.
See original
Return to zero.
Return to zero.
Synthetix
--
As we prepare for a tokenomics update, the SNX Buyback & Burn program has been paused in favor of sUSD debt burn, benefitting both V2 SNX stakers and V3 SNX LPs.

Current fee split on Base & Arbitrum:
🔹 60% - V3 LPs
🔹 20% - Integrators
🔹 20% - V2 Debt Burn

LPs on Base continue earning boosted rewards with Decembrrrr incentives through mid-Jan. 🎁
🧵🔽
See original
Brothers, $SNX , let's go all in on snx spot.
Brothers, $SNX , let's go all in on snx spot.
See original
$SNX snx I am currently not in a good position to express my opinions, and I temporarily do not recommend aggressive long positions.
$SNX snx I am currently not in a good position to express my opinions, and I temporarily do not recommend aggressive long positions.
See original
$SNX Obvious Top Signal: After the price quickly fell back from the high of $3.6 reached on November 14, it formed a K-line pattern resembling a 'Shooting Star,' indicating the exhaustion of upward momentum, with clear signs of a top. Break Below Key Support: The price has fallen below the support of the previous consolidation area (around $2.7), accompanied by increased trading volume, indicating strong bearish forces and confirming the downtrend. Bearish Alignment of Moving Averages: Short-term moving averages (like MA5, MA10) have crossed below long-term moving averages (like MA20, MA30), forming a bearish arrangement, indicating a bearish trend in the medium to short term. MACD Indicator Death Cross: The MACD indicator has formed a death cross at a high level, and the DIFF line has broken down below the 0 axis, indicating a weakening market trend with bearish forces dominating. Declining Trading Volume: Recent trading volume has gradually shrunk, indicating a decrease in market participation and a lack of upward momentum. Based on the above analysis, SNX is currently showing a weak trend, with the risk of further decline. Brothers, ... Short, short, short $2.0 or even below is the psychological barrier.
$SNX Obvious Top Signal: After the price quickly fell back from the high of $3.6 reached on November 14, it formed a K-line pattern resembling a 'Shooting Star,' indicating the exhaustion of upward momentum, with clear signs of a top.
Break Below Key Support: The price has fallen below the support of the previous consolidation area (around $2.7), accompanied by increased trading volume, indicating strong bearish forces and confirming the downtrend.
Bearish Alignment of Moving Averages: Short-term moving averages (like MA5, MA10) have crossed below long-term moving averages (like MA20, MA30), forming a bearish arrangement, indicating a bearish trend in the medium to short term.
MACD Indicator Death Cross: The MACD indicator has formed a death cross at a high level, and the DIFF line has broken down below the 0 axis, indicating a weakening market trend with bearish forces dominating.
Declining Trading Volume: Recent trading volume has gradually shrunk, indicating a decrease in market participation and a lack of upward momentum.
Based on the above analysis, SNX is currently showing a weak trend, with the risk of further decline.
Brothers, ... Short, short, short

$2.0 or even below is the psychological barrier.
See original
$SNX continues to be bearish today, shorting is always on the right path. SNX has recently acquired two projects, both in exchange for their tokens, which will inevitably lead to sell-offs. Continuing to see $2.
$SNX continues to be bearish today, shorting is always on the right path. SNX has recently acquired two projects, both in exchange for their tokens, which will inevitably lead to sell-offs. Continuing to see $2.
See original
Goal 2.03
Goal 2.03
Quoted content has been removed
See original
Goal 2.03
Goal 2.03
Feed-Creator-5a8db0a81
--
$SNX garbage coin, mindlessly go for it, just sell at nine, absolutely no mistake
See original
Goal 2.03
Goal 2.03
Idrees Janib
--
snx has formed cup and handle pattern on 1D intervals. the target could be 3.50 to 3.9
See original
Objective 2.03
Objective 2.03
红八神
--
$SNX

This is real garbage, it feels like constipation when it goes up, and like diarrhea when it goes down..
See original
Target 2.0
Target 2.0
A-虾米
--
$SNX just keep shorting, it will continue to drop sharply, there may be a rebound to lure more in
See original
$SNX continues the daily downtrend, the four-hour chart has also completely collapsed, snx is about to reach $2.
$SNX continues the daily downtrend, the four-hour chart has also completely collapsed, snx is about to reach $2.
Explore the latest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number

Latest News

--
View More

Trending Articles

CryptoRegenClub
View More
Sitemap
Cookie Preferences
Platform T&Cs