$SNX /USDT — Synthetix Network Token Climbs to $2.04 (+11.98%)

The Synthetix (SNX) token continues its strong momentum, advancing nearly +12% in the past 24 hours — signaling renewed confidence in on-chain derivatives and synthetic assets.

📊 Market Overview:

Current Price: $2.048

24h Change: +$0.219

24h Growth: +11.98%

Market Sentiment: 🟢 Strong Bullish Continuation

📈 Technical Snapshot:

Support Levels: $1.85 → $1.95

Resistance Levels: $2.10 → $2.25 → $2.50

Trend: Bullish — higher highs forming on the 4H chart

Volume: Increasing steadily — confirms healthy buying interest

🎯 Trade Setup (Short-Term Idea):

Buy Zone: $2.00 – $2.05

Stop Loss (SL): $1.92

Take Profit (TP):

TP1: $2.20

TP2: $2.35

TP3: $2.50

⚡ Risk Level: 🟡 Moderate — strong fundamentals but volatile around resistance

💬 Analyst View:

SNX has re-entered accumulation territory, with DeFi sentiment improving and layer-2 integration boosting activity. A clear close above $2.10 could trigger a breakout toward $2.40+ in the near term.

🚀 “Synthetix is rebuilding market strength — derivatives are back in play.”

#SNX #Synthetix #USDT #Crypto #DeFi #Altcoin #Bullish