The Hourly View for Synthetix
- Currently, SNX’s price is up $0.05 (1.31%) from the hour prior.
- Synthetix has seen its price go up 8 out of the past 10 hours, thus creating some compelling opportunities for bulls.
- Regarding the trend, note that the strongest trend exists on the 100 hour timeframe.
- 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.
The Daily View for Synthetix
- Currently, SNX’s price is up $0.33 (8.63%) from the day prior.
- It’s been a feast for bulls operating on the daily timeframe, as Synthetix has now gone up 4 of the past 5 days.
- If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 20 day timeframe.
- Most noteworthy in the world of moving averages on the daily chart is that the 200 day moving average has been crossed, so that price is now turning above it. The moving averages on the daily 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.
- Divergence between SNX’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in SNX’s price.
Below is a daily price chart of Synthetix.
The Latest From SNX’s Blockchain
- SNX’s average transaction value now stands at 16231.674.
- Over the past 29 weeks, the trend for SNX’s number of daily new addresses has been choppy and unclear. It has oscillated between 51 and 361.
- SNX has a daily transaction count of 787, down 27.2% from its value day prior.