Synthetix (SNX)
As of April 24, 2025, Synthetix (SNX) is trading at approximately $0.938 USD, reflecting a 2.85% increase from the previous close.
$0.938
+$0.03 (2.85%)
| Current Price | 24h Price Change | 7-Day Avg Price | Support Level | Next Resistance |
| $0.938 USD | 2.85% | $0.68 USD | $0.574 USD | $5.19 USD |
📈 Technical Analysis Summary
- Price Movement: The 2.85% increase indicates Bullish momentum; renewed investor confidence.
- 7-Day Average Comparison: Trading above the 7-day average ($0.68 USD); reinforces bullish trend; market is gaining strength.
- Support and Resistance Levels: Price is above support ($0.574 USD); confirms bullish base. Room for growth before hitting resistance ($5.19 USD).
- RSI Analysis: RSI at 56.19 indicates Neutral zone; balanced market.
- MACD Analysis: Positive MACD (+0.02); suggests bullish momentum.
📊 Market Sentiment
| Indicator | Value | Interpretation |
|---|---|---|
| RSI | 56.19% | Neutral; neither overbought nor oversold |
| MACD | +0.02 | Bullish; suggests upward momentum |
| Above 7-Day Avg? | Yes | Indicates bullish momentum |
| Above Support? | Yes | Suggests price stability above support. |
Synthetix (SNX) Price Prediction Preview
| Forecast Range | Prediction Trend |
|---|---|
| Daily | 📈 Bullish — Bitcoin is expected to maintain upward momentum short-term |
| Weekly | 📊 Moderate Gain — Steady growth expected; strong support holding |
| Monthly | ⚠️ Watch volume — Potential trend exhaustion in SNXUSD |
| Yearly | 🧯 Uncertain — Macro factors may limit long-term upside for SNXUSD |
Latest News in SNX
NewsLatest News
Synthetix Outlines Strategies Amid sUSD’s Depegging Challenges and Market Volatility.
The crypto-backed stablecoin sUSD is under intense scrutiny after plunging nearly 30% below its intended $1 peg. Synthetix, the protocol behind sUSD, has responded with a multi-pronged strategy to restore stability, boost liquidity, and reassure investors. With SNX price action also weakening, all eyes are on Synthetix’s recovery roadmap. sUSD Depegging Hits 30% as SNX … Read more
3 mins read
News Room
Editor
News
Why is Synthetix (SNX) up 22% in the Past 24 Hour?
2 mins read
Faith
Editor