Synthetix Came Into Today Up 1.75%

The Hourly View for Synthetix

  • At the moment, SNX’s price is up $0.04 (1.51%) from the hour prior.
  • This is a reversal of the price action on the previous hour, in which price moved down.
  • If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe.
  • Of note is that the 50 hour changed directions on SNX; it is now pointing up. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Synthetix’s hourly price chart is shown below.

SNX

The Daily View for Synthetix

  • At the moment, SNX’s price is up $0.05 (1.75%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved down.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe.
  • Of note is that the 20 day changed directions on SNX; it is now pointing up. The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Below is a daily price chart of Synthetix.

SNX

The Latest From SNX’s Blockchain

  • For SNX, its number of daily new addresses is now at 135.
  • Over the past 29 weeks, the trend for SNX’s average transaction value has been choppy and unclear. It has oscillated between 1292.2674 and 44765.1351.
  • SNX has a number of daily new addresses of 135, down 23.73% from its value day prior.