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Synthetix price prediction showcases the downtrend momentum of SNX crypto.
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Synthetix price dropped below the key moving average of 50 and 200-day EMA.
The Synthetix price analysis illustrates that the prices are losing the bearish momentum. The bulls made an attempt to snatch the game by adding more buying volume near the demand zone. The price surged but lost momentum near the 200-day EMA.
The daily chart shows that the price lost all the gains after it turned around after suffering rejection from the 200-day EMA. The price also seems to respect the upper boundary of the channel pattern and fell afterward.
The technical indicators 50 and 200-day EMA are showing a bearish crossover indicating weakness over the charts and the indicators might act as a dynamic resistance to the price. The buyers need to surpass the EMAs in order to shift the trend.
Analytics data as per CoinMarketCap shows that the whales hold a total of 69.9% of the supply w
We współpracy z: https://www.thecoinrepublic.com/2023/09/13/synthetix-price-prediction-can-snx-show-recovery-this-month/
