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Synthetix (SNX) Receives a Bullish Rating Saturday: Is it Time to Get on Board?

Saturday, February 24, 2024 07:56 AM | InvestorsObserver Analysts
Synthetix (SNX) Receives a Bullish Rating Saturday: Is it Time to Get on Board?

Synthetix (SNX) gets a bullish rating from InvestorsObserver Saturday. The crypto is up 13.66% to $3.9 while the broader crypto market is up 0.9%.

Sentiment Score - ,
Synthetix has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on Synthetix!

Bullish

Over the last five days, Synthetix has earned a Bullish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Synthetix over the past five days by volume and price movement.

The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the dip.

Price Levels

Synthetix is currently trading near its midpoint for the past five-days. The crypto is 5.72% off its five-day high and is 14.48% higher than its five-day low of $3.41.

Synthetix price is currently above resistance. With support set around $3.27 and resistance at $3.72, Synthetix is potentially in a volatile position if the rally burns out.

Synthetix has traded on low volume recently. This means that today's volume is below its average volume over the past seven days.

What is a token?

Tokens are digital assets that exist on another cryptocurrency's blockchain.

Due to a lack of data, this crypto may be less suitable for some investors.

Click here to unlock the rest of the report on Synthetix

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