SNX caught the market's eye lately—traders are watching a textbook falling wedge formation unfold. Current price sitting around $0.480, and if the bullish momentum holds, the next resistance could land near $0.580. Chart patterns like this often signal a potential breakout, so worth keeping tabs on. The setup looks interesting for those tracking Synthetix movements.
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ShibaOnTheRun
· 6h ago
The falling wedge is back again. Every time, they say it will explode next week, but it just consolidates sideways.
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FUD_Whisperer
· 9h ago
ngl snx been looking sus lately, that wedge formation could be fake out tbh... seen this movie before lmao
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ContractTearjerker
· 9h ago
The falling wedge is back again. Every time, they say it will break out, but what happens? We've seen plenty of face-slapping moments.
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BrokenYield
· 9h ago
falling wedge at $0.480? yeah sure, until it doesn't lol. seen this pattern play out in 2018, 2021, 2022... always looks "textbook" right before the liquidation cascade hits. $0.580 resistance is cute but what's the risk-adjusted return here really? draw me a correlation matrix first, ngl
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BearMarketBard
· 9h ago
The falling wedge is back again, I'm so tired of seeing it. $0.580, right? Guess I have to bet five bucks and keep throwing money in.
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LayerZeroJunkie
· 9h ago
yo snx been looking sus with that wedge pattern ngl... 0.480 to 0.580 feels like cope tho lol
SNX caught the market's eye lately—traders are watching a textbook falling wedge formation unfold. Current price sitting around $0.480, and if the bullish momentum holds, the next resistance could land near $0.580. Chart patterns like this often signal a potential breakout, so worth keeping tabs on. The setup looks interesting for those tracking Synthetix movements.