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# Synthetix
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NaveedContrarian
$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 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
SNX14,47%
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