👀Huobi x CoinMarketCal👀A Coin To Keep An Eye On!
Synthetix is a token for minting synthetic assets on the Synthetix Network, built on Ethereum.
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📅Events: August 31st — Sep 2nd: Pollux Release will have an upgrade with several protocol improvements!
📈Analytics:
SNX continues to march upward, rewarding bulls with 154% returns during the last month alone. Now, the price may be getting ready to break out for the next leg.
High spikes of volume during last week’s climb support the bullish case. Currently, previous intra-range highs at 0.00058336 are providing support as the price probes August 15th’s all-time high.
Bulls could continue to build positions as each lower support is tested or opt to enter on the breakout and confirmation of August 15th’s high as new support.
Bears could enter on signs of weakness near the current level, targeting support at 0.00053123 near the current consolidation range’s EQ or down to support at the previous monthly high at 0.00044878.
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