Looking at $SNX /USDT’s recent price action, the coin has shown some surprising resilience, currently sitting around 0.751 USDT after hitting a low near 0.649 within the last 24 hours. The volume data backs this up — roughly 15.32 million SNX traded in that period, indicating decent liquidity and interest. The price is testing the upper end of the recent range, but it’s not exactly breaking out with conviction. This suggests buyers are present but cautious, possibly waiting for clearer signals before pushing higher.

Technically, the support around 0.649 seems to be holding strong for now, which is crucial given the recent volatility. The 24-hour high just above 0.75 acts as a short-term resistance, and SNX is stuck in a tug of war between these two levels. If it can close above 0.75 decisively, that might open the door to a modest rally. However, if selling pressure returns and breaks below 0.65, we could see a quick drop as stop losses get triggered. The indicators don’t scream a strong trend either way, which means traders should be careful not to overcommit.

In summary, SNX is flirting with a potential breakout but lacks the momentum to confirm it right now. It’s tempting to call this a bull setup given the positive price movement and volume, but the risk of a reversal remains real. Anyone jumping in should have an exit plan in place, because if support fails, the downside could be sharp. It’s a market that rewards patience more than bold bets at this point.