# SNX

$SNX $SNX Final Phase Before Downside
The data indicates that distribution is nearing completion, and internal selling activity appears to be increasing. This typically signals that early participants or large holders are preparing exit strategies.
A key concern is concentration risk — when a single entity or a small group controls a significant portion of the supply (e.g. ~40%), it introduces structural instability. In such conditions, upward movements can be used as liquidity events, allowing large holders to offload positions into market demand.
This type of behavior undermines confidence

$SNX /USDT | 1D Technical Analysis — Synthetix
$SNX bounced hard from its cycle low of $0.2462 and is now storming back at $0.3795 (+25.54%)!
After months of consistent downtrend from $0.5624, SNX aggressively reclaimed the Bollinger Mid Band ($0.3092) signaling a potential major trend reversal on the daily chart.
📊 Key Signals:
- BOLL(20,2): Price pushed above MB, eyeing Upper Band ($0.3642) as next resistance
- RSI(6): 82.61 | RSI(12): 63.35 | RSI(24): 50.42 multi-timeframe momentum building simultaneously 🚀
- Volume surge confirms institutional accumulation, not retail noise
📉➡️📈 Why th

🔥 $SNX / USDT — Momentum Breakout Setup 🔥
Current Price: 0.461 USDT
24H Performance: +13.27%
Trend: Bullish recovery with expanding momentum
After a strong rebound from 0.398, SNX has reclaimed key short-term resistance near 0.45. Volume expansion and higher-high structure suggest buyers remain in control as long as price holds above support.
📈 Trade Setup (Perp / Spot)
Direction: Long
Buy Zone: 0.445 – 0.460 (pullbacks preferred)
Targets:
🎯 TP1: 0.495
🎯 TP2: 0.530
🎯 TP3: 0.580
Stop-Loss: Below 0.420
🧠 Notes
Above 0.45 = bullish continuation
Lose 0.42 = structure weakens
Trail stops aft