$SNX is starting to show intent
On the 4H chart, SNX looks like it has moved out of indecision and into something more deliberate. Price is now trading above all the key moving averages, with the short-term averages leading and the longer ones comfortably below. That kind of alignment usually doesn’t happen by accident.
The move from the 0.40 area up toward 0.56 came with a noticeable increase in volume. That’s important. It suggests participation, not just a thin push higher.
After touching the 0.564 high, price has eased back and is hovering around the 0.50–0.51 zone.
So far, the pullback feels controlled. No panic, no rush for the exits.
Technically, the 0.50 level is doing its job as near-term support.
As long as price stays above it, the broader structure remains intact. If buyers continue to defend this area, another push toward the 0.53–0.56 range wouldn’t be surprising. That zone is still the main test overhead.
MACD is still on the positive side. Momentum has cooled a bit, but it hasn’t flipped.
This looks more like digestion after a strong move than a sign of weakness.
From a psychological angle, this is often the awkward phase.
Early buyers are comfortable, late sellers are unsure, and new participants are waiting for confirmation.
If support holds, dips are more likely to be absorbed than sold aggressively.
Overall, SNX isn’t in a hype-driven breakout. It’s behaving more methodically. Structure is improving, volume has shown up, and pullbacks are being respected.
Definitely one to keep watching as the market reveals its next move.
Not financial advice. Manage risk accordingly.
#SNX #altcoins #chart #treading