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Synthetix Network Token perpetual contract

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Can #SNX Recover From Here or Will it Continue to Fall?Yello, Paradiser! Are you prepared for the moment when #SNXUSDT finally decides whether it will punish late bears or wipe out impatient longs? Let's look at the #Synthetix trade setup: 💎#SNX is currently trading around $0.418 on the 4H timeframe and remains stuck inside a clearly defined descending channel, respecting both the descending resistance and descending support with high precision. This type of structure tells us one thing very clearly: the market is compressing, and a decisive move is getting closer. 💎Price is now sitting just above a key demand zone around $0.38–$0.39, where buyers have already shown interest multiple times. This zone is crucial. As long as #SNXUSD holds above it, bulls still have a chance to regain control. The chart also highlights that a clean breakout above the descending resistance, combined with a reclaim of the 50 EMA as support, would significantly increase the probability of a bullish continuation. 💎If that bullish scenario plays out, the first upside target sits at the moderate resistance near $0.51, followed by a much more important strong resistance around $0.60–$0.61. A move toward those levels would likely happen fast, as many traders are currently positioned defensively and would be forced to react to a breakout. 💎However, this setup comes with a very clear invalidation. If price loses the $0.38 support zone decisively, the bullish idea is off the table. A breakdown below this level would confirm weakness and open the door for a deeper move toward the $0.33 support zone, where the next significant liquidity sits. That scenario would likely come with increased volatility and emotional selling from inexperienced traders. Trade smart, Paradisers. This setup will reward only the disciplined. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
SNX – The OG DeFi Token Awakens?SNX – The OG DeFi Token Awakens? 🧬🚀 Synthetix (SNX) is back on the radar, trading just above its historic base at $0.78–$0.88 — the same accumulation zone that birthed past monster runs. This isn’t just nostalgia. The OG DeFi protocol is launching a new DEX in the coming weeks, built on L2 Ethereum. And yes — SNX was the first perpetuals DEX on-chain before it was even cool. 📊 Current Setup: Strong base at $0.78–$0.88 Resistance targets: $2.04 → $5.08 → $14.06 Macro extension: $22.04 zone if cycle rotates full DeFi 🔁 You’re looking at a classic bottom formation across both short- and long-term timeframes. Accumulation + news = ignition risk. Synthetix is part of DeFi history — and possibly its future if the new DEX delivers. Mindset Check 🧘 DeFi summer may be long gone, but real builders never left. The best setups are always born in silence. Disclaimer: I'm not a financial advisor, but I am the best prognosis you’ll ever get. Better than AI. Better than the herd. Still, this ain’t advice — it's education. And risk? That’s always yours. One Love, The FXPROFESSOR 💙
Long
by FX_Professor
SNX/USDT Golden Zone 0.87–0.75 — Accumulation or Breakdown AheadSNX has returned to the golden zone at 0.87–0.75, a level that has historically acted as the main battlefield between buyers and sellers. Price is now retesting the same area that once served as the foundation of a strong accumulation phase earlier this year. But this time, the context is different — after a sharp rejection from the 3.68 high, the market is testing whether this zone still holds real demand strength or not. --- 📊 Technical Structure & Price Pattern On the 2D chart, SNX has formed a broad accumulation range between 0.75 and 1.23. The spike to 3.68 looks like a classic liquidity sweep, where the market took out stop orders above resistance before quickly pulling back — often a sign of redistribution and preparation for the next move. Now, the 0.87–0.75 zone becomes the decision point: If it holds, the structure could evolve into a reaccumulation phase; If it fails, the market may confirm a descending continuation pattern toward the previous low around 0.48. --- 🟩 Bullish Scenario — Reclaim & Relief Rally For a bullish continuation: Price must hold above 0.87 and establish a higher low above 0.80. A confirmed reclaim of 1.05 and 1.23 will strengthen the bullish case, unlocking higher targets at 1.70 → 2.25 → 3.20. Sustained buying pressure with volume could shape a major double bottom targeting the upper range near 3.20. For swing traders, this yellow zone offers a low-risk accumulation opportunity, with clearly defined risk below 0.75 and potential multi-fold upside. --- 🟥 Bearish Scenario — Breakdown & Failed Retest If price closes below 0.75, it would confirm a range breakdown. Typical follow-up structure: Failed retest (price retests 0.80–0.87 and gets rejected); Bearish continuation toward 0.60–0.50, with possible extension to 0.48. This scenario could represent a final capitulation phase before a major cycle bottom — so traders should monitor volume and market sentiment closely. --- 🔎 Analytical Perspective The 0.87–0.75 zone isn’t just a technical level — it’s a psychological battleground. Large players often define their next move here, either absorbing supply for accumulation or distributing before the next leg down. Watch for bullish RSI or OBV divergences, as they often precede strong reversal setups before breakouts. --- 📈 Strategic Outlook Key Zone: 0.87–0.75 Current Sentiment: Neutral / Wait for confirmation Directional Bias: Bullish above 0.87, Bearish below 0.75 Main Bullish Targets: 1.05 → 1.23 → 1.70 → 2.25 → 3.20 Main Bearish Targets: 0.60 → 0.48 Keyword: “This zone will define SNX’s next market cycle.” --- #SNX #SNXUSDT #CryptoTA #TechnicalAnalysis #PriceAction #SupportZone #Accumulation #CryptoMarket #BreakoutOrBreakdown #SwingTrading
Long
by CryptoNuclear
SNXUSDT is a wild Dear Friends, by reviewing the chart , the trader may be speechless for a while by following candles in bulish and bearish moves. it is really wild. Synthetix is an ERC-20 token created by the Synthetix protocol that serves multiple purposes. In addition to serving as collateral on the protocol, by staking SNX, a holder will receive a portion of trading fees from the network as an incentive to contribute to the liquidity pools. This token is worth having in your wallet in small amounts but wait and buy at the lowest price. this is just my personal idea and please investigate before buying. regrds,
Long
by soheylifar
1
#SNX/USDT — Recovery Mode?#SNX The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest. We have a bearish trend on the RSI indicator that is about to be broken and retested, which supports the upward breakout. There is a major support area in green at 1.20, representing a strong support point. We are heading for consolidation above the 100 moving average. Entry price: 1.30. First target: 1.37. Second target: 1.45. Third target: 1.55. Don't forget a simple matter: capital management. When you reach the first target, save some money and then change your stop-loss order to an entry order. For inquiries, please leave a comment. Thank you.
Long
by CryptoAnalystSignal
SNXUSDT: Potential for Upward Momentum Towards $2.25SNXUSDT has demonstrated significant bullish momentum, breaking out of a consolidation phase with a remarkable +26.08% surge on October 19, 2025. This move pushed the price to a high of $1.7396, indicating strong buying pressure. The price is currently situated above the crucial Fibonacci retracement level of 0.618 at approximately $1.9034. A successful retest and hold above this level could confirm the continuation of the uptrend. The daily Relative Strength Index (RSI) is at a healthy 59.71, suggesting there is still room for growth before the asset becomes overbought. The 4-hour chart further supports this bullish sentiment, with the RSI at 63.72 after a significant +16.09% increase in a single 4-hour candle. Based on this analysis, a strategic entry point could be considered upon a successful retest of the support zone. Entry Zone: $1.65 - $1.72 Target 1: $1.90 (Fibonacci 0.618) Target 2: $2.25 (Previous resistance area) Target 3: $2.81 (Fibonacci 1.618) Stop-Loss: A close below $1.45 would invalidate this bullish outlook. Disclaimer: This is not financial advice. The cryptocurrency market is highly volatile. Please conduct your own research before making any investment decisions.
Long
by Arknex
1
snxTrade Decision Bias: Bullish (after shakeout)—buy the dip for squeeze play. Why: Recent long liquidations at the highs and shorts stacked below mean the setup is primed for a classic institutional trap and reversal. Price should flush to 1.90–1.80, absorb selling, then launch an up move as shorts are squeezed. 3. Execution & DCA Plan DCA Entry Zones: 1st: 1.92–1.88 (initial trap flush, start small) Main: 1.85–1.80 (largest cluster, size up here) Final: 1.77 (lowest cluster, only size here if panic wick appears) Stop Loss/Invalidation: Below 1.76 daily close/wick, or after failed absorption and no short squeeze reversal. 4. Take Profit Targets scalpers: 1.95 2 2.2 2.3 Swings Primary: 2.20 (where prior longs entered, first bounce target) Secondary: 2.36–2.40 (recent liquidation highs and stop clusters, likely resistance/supply zones for full squeeze target) Optional trailing: If aggressive momentum persists, trail stops above those for additional upside leg.
Long
by crypto_Rida
2
SNX 30m – Calm Before the Drop?SNX 30m – Pressure Building at Support SNX is showing early exhaustion after a strong move up. Price is forming lower highs while volume fades — a typical distribution setup. From the system view, price < SMA < MLR, suggesting a possible downtrend forming, which would be confirmed once price closes under the BB Center. RSI shows a bearish divergence, and MACD turning red confirms momentum is fading. Funding is still positive and OI high — meaning too many longs are still stuck, and if support breaks, they’ll be the ones fueling the drop. If the 2.30–2.25$ zone fails, next liquidity sits near 2.20–2.15$. Until funding cools off and OI drops, short setups stay in control. Bias: Neutral–bearish — structure losing strength while leverage builds up. Always take profits and manage risk. Interaction is welcome.
Short
by vagada
SNX Rebuy Setup (12H)Before anything else, pay attention to the timeframe. From the point marked Start on the chart, it appears that a bullish phase has begun on SNX. Currently, it seems we are at the end of Phase A. After some time correction and price consolidation, we can expect another bullish wave forming Wave C. In the green zone, we can look for buy/long positions. Targets are indicated on the chart. If a daily candle closes below the invalidation level, this analysis will be invalidated. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
1
#SNX/USDT Fast Money Moves — SNXUSDT SCALP Setup#SNX The price is moving in a descending channel on the 1-hour frame and is expected to break and continue upward. We have a trend to stabilize above the 100 moving average once again. We have a downtrend on the RSI indicator that supports the upward move with a breakout. We have a major support area in green that pushed the price higher at 1.14. Entry price: 1.21. First target: 1.20. Second target: 1.230. Third target: 1.264. To manage risk, don't forget stop loss and capital management. When you reach the first target, save some profits and then change your stop order to an entry order. For inquiries, please comment. Thank you.
Long
by CryptoAnalystSignal
Can #SNX Bulls Sustain the Current Momentum? Watch it CloselyYello, Paradisers! Is this #SNX setup just another fakeout in disguise, or is the market quietly setting up for a major bullish momentum shift? Let’s dissect what’s really happening on #SNXUSDT: 💎After moving through a falling wedge pattern for months, #Synthetix has already broken out above the descending resistance, signaling an early shift in trend. However, the real move hasn’t yet begun—a proper retest of the support zone between $0.50–$0.54 is what we’re watching for now. 💎This support zone aligns with the prior wedge breakout and also overlaps with a visible demand area, making it a key region where buyers could step in again. If bulls defend this area successfully, we expect a renewed rally toward the moderate resistance level at $0.78. 💎From there, the next upside target lies at the strong resistance around $1.01—a level with heavy volume profile resistance and previous seller activity. But that level will only come into play if the bulls reclaim momentum with conviction. 💎On the flip side, if #SNXUSD breaks below $0.48, which is our bullish invalidation level, the setup collapses and opens the door for a deeper drop toward the $0.40–$0.35 zone, where short-sellers are likely to pile in. Stay patient, Paradisers. Let the breakout confirm, and only then do we strike with conviction. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
4