1
Synthetix price (SNX) surged 0.35% in the last 24 hours and is currently trading at $1.94.
2
Synthetix price (SNX) is declining forming an interesting wedge pattern over the daily timeframe.
The SNX price has been in a continuous declining trend losing most of the gains and heading towards the previous demand zone. The price is in a continuous decline trend after a surge of nearly 50% in July 2023.
The daily chart shows that the crypto has been suffering multiple rejections from upper trendline resistance and slid down. The price could not sustain above the key moving averages, 50 and 200-day EMA, indicating a selling pressure dominating the market.
Synthetix is a protocol that provides decentralized liquidity for various protocols. It uses Optimism and Ethereum mainnet to create synthetic assets (Synths) that track the returns of underlying assets.
Synths are collateralized by SNX, ETH, and LUSD. Synthetix liquidity is used by many protocols i
We współpracy z: https://www.thecoinrepublic.com/2023/09/02/synthetix-price-prediction-can-snx-thrust-upwards-soon/
