# SNX

$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