$SNX (Synthetix) is showing strong bullish momentum, with current support solidifying at $1.20. The price is now moving towards the next target of $2.82, driven by significant trading activity. This suggests increasing investor confidence and interest in SNX.

Historically, $SNX has demonstrated the potential for substantial gains, with previous scenarios yielding up to 170% returns. If the bullish trend continues, reaching $2.82 could be a realistic outcome, potentially leading to further gains if the momentum persists.

However, as with all investments, it’s essential to keep an eye on market conditions and trading volumes to assess the sustainability of this uptrend.