Synthetix (SNX) Primed for Bullish Surge After Decisive Breakout

Following a period of consolidation, SNX decisively broke above its established support at $3.00. This bullish move comes after several attempts by sellers to push the price lower, all of which were met by strong buying pressure. This sustained buying pressure suggests a significant shift in sentiment among investors, who are now turning increasingly bullish on SNX.

The first major resistance level for SNX at $7.40. A successful reclaim of this level would provide further confirmation of the bullish trend and could pave the way for a continued ascent toward the second resistance level at $13.80.

Key Levels to Watch:

Resistance 1: $7.40
Resistance 2: $13.80
Support: $3.00


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