Анализа на цената на Synthetix: SNX се затвора да ја погоди клучната одбранбена зона за бикови, има потреба од акумулација

• Synthetix tokens have been chasing high-low formation for a long time.
• Buyers are facing bullish price rejection near the 20-day exponential moving average.
• Over the past 10 trading sessions, the crypto has consolidated under a narrow trading range.

Synthetix token has been unable to reverse its ongoing bearish trend despite several attempts. The terrible sell-off occurred as investors booked profits near an all-time high of $28.981. 

SNX on Weekly Chart 

The weekly price chart shows a scary bloodbath in Synthetix token price, which killed all bullish hopes. In the last 18 month, SNX crypto lost approximately 91.5% since its ATH mark while price is looking close to $2.0 support zone. Due to higher-low price action, SNX token fluctuates under falling wedge pattern (above the chart), shows asset price may fall more from the current levels. 

SNX on Daily Price Chart 

Against the USDT pair, the Synthetix token is trading at $2.43 mark at price time. Buyers look exhausted today after an overnight gain of 10% in Market cap, recorded at $580.2 Million as per CMC. However, Over the last 10 trading sessions, crypto consolidates under a narrow trading range, and this range breakout may bring strong momentum ahead. 

Due to yesterday’s bullish spike, the Bitcoin pair along with the SNX token is up 5.7% at 0.0001246 satoshis. Amid selling, SNX token is remaining below all significant exponential moving average, in fact Buyers continue getting bullish price rejection near 20-EMA over the daily price scale. 

Traditional Indicators 

The bulls turned aggressive yesterday and collected massive amounts of the altcoin, thus increasing the trading volume to $93.9 million, a 71% increase. As a result, the RSI shows higher-low, but still, its peak remains below the semi-line showing weak momentum. Similarly, the MACD indicator continues to move downwards in the negative zone in terms of the daily price chart.

заклучок

However Synthetix Token (SNX) is extremely bearish since its profit booking. The decline pulled the cryptocurrency price closer to the $2.0 support level. At this point, the price fluctuates under a narrow horizontal range and any major price drops could lead to further more dramatic selloffs. On the other hand, if the price reverses near the buyers’ hedge zone, the bulls face several hurdles.

Ниво на отпор - 2.6 долари и 3.0 долари

Ниво на поддршка - 2.0 и 1.5 долари

Општи услови 

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