🔥 $SNX shoots up 29% and shows resilience in the market! 🔥
Synthetix (SNX) is on the rise, jumping 29% recently to stand out on a day of decline for the crypto market as a whole. This appreciation reflects strong interest and positioning.
What is behind the growth?
* Institutional Interest: The increase in demand for derivatives and liquidity points to greater participation from large investors.
* Strength in DeFi: Synthetix solidifies its position in the decentralized finance ecosystem, acting in the issuance of synthetic assets.
* Resilience: The project has shown strength by recovering from the loss of billions of dollars that affected the market in September.
Keep an eye on: The critical resistance at $0.74 is the next key level, while support at $0.69 may be a strategic entry point.
What do you think about the future of SNX? 🤔
