$SNX Synthetix Network Token (SNX) price and trends today — including current price data, technical context, recent developments, and future forecasts.
📊 Live Price & Market Snapshot
Synthetix (SNX)
$0.31
+$0.01 (3.51%) Today
As of right now:
• SNX is trading around ≈ $0.31 with modest short‑term gains balanced by broader weakness. �
• Market cap remains relatively small (~$107 M), ranking outside the top 150 cryptos. �
• Trading volume has spiked in the last 24 h, indicating renewed activity. �
📉 Short‑Term Price Action
• Technical levels show SNX above its 20‑day moving average, suggesting some short‑term strength. �
• However, it is below key medium and long‑term averages (50‑day & 200‑day MA) — a bearish sign. �
• Resistance is nearby around ~$0.34 and $0.40, with support around ~$0.29–$0.30. �
• Momentum indicators (MACD/RSI) still show selling pressure, increasing risk of pullbacks.
🛠️ Technical Chart Context
• Recent TradingView analysis highlights consolidation with potential inflection points.
• Historically, SNX peaked near $28 during 2021 bull markets, but price is down significantly from all‑time highs.
📰 Recent News & Drivers
Bullish catalysts identified:
• Synthetix recently launched its Perpetual DEX on Ethereum Mainnet, which boosted community interest & liquidity. �
• Trading competitions with large rewards have sparked short‑term rallies and increased participation. �
📈 Price Predictions & Outlook
Forecasts vary widely — no guarantees:
• Moderate models expect SNX to trade around $0.7–$1.2 by 2025–2026 if adoption picks up. �
• Longer‑term projections (2028–2031) range from ~$3–$5+ in optimistic scenarios. �
🧠 Summary of Today’s Situation
Bullish factors ✔ New ETH Mainnet DEX and ecosystem updates
✔ Renewed trading volumes and activity
✔ Short‑term technical strength above 20‑day MA
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