$SNX

/USDT Technical Analysis Report

Synthetix (SNX) is showing signs of a steady recovery, currently trading at $0.569, up +1.07% in the last 24 hours. The token bounced from a low of $0.555 and reached a high of $0.576, reflecting controlled bullish momentum. With 1.08M SNX traded and over $612K USDT in volume, market activity remains modest but stable, indicating cautious accumulation by investors as SNX attempts to regain traction.

The price is currently hovering near a resistance zone between $0.571–$0.578. A decisive breakout above this range could fuel a move toward $0.595–$0.610. On the downside, solid support lies around $0.559–$0.553, where buyers have consistently stepped in. As SNX gradually builds higher lows, it sets the stage for a potential breakout — traders should watch closely, as this slow burn might ignite into a stronger trend in the sessions ahead!