Synthetix Price Prediction for Today, April 4: SNX/USD Moves to Cross Above $3.00 Resistance

The Synthetix price prediction shows that SNX is beginning to restart the uptrend after trading below the moving averages.

Synthetix Prediction Statistics Data:

• Synthetix price now – $2.76
• Synthetix market cap – $702.6 million
• Synthetix circulating supply – 253.9 million
• Synthetix total supply – 316.3 million
• Synthetix Coinmarketcap ranking – #66

SNX/USD Market

Key levels:

Resistance Levels: $3.30, $3.50, $3.70

Support Levels: $2.10, $1.90, $1.70

SNX/USD looks green today as the price hovers above the resistance level of $2.70. However, a daily close above the $2.80 level may increase the Synthetix price to $3.00. However, traders should note that a consistent price increase may bring more buyers into the market as bulls increase their positions.

Synthetix Price Prediction: Price May Begin to Break Higher

In the past few days, after the Synthetix price has been hovering within the 9-day and 21-day moving averages, SNX/USD is now breaking above the 21-day moving average. Moreover, the daily chart reveals that if the 9-day moving average crosses above the 21-day moving average, it will push the coin to the upside.

Meanwhile, the bears may take advantage to break toward the lower boundary of the channel if the bulls fail to move the price upward. However, the technical indicator Relative Strength Index (14) is crossing above the 50-level. Moreover, if the Synthetix price stays above the moving averages, it could hit the resistance levels of $3.30, $3.50, and $3.70 but facing the south may bring the price to the supports at $2.10, $1.90, and $1.70.

Against Bitcoin, the Synthetix price is moving to cross above the 21-day moving average. However, the intraday trading is ranging as the coin moves toward the upside, which could reach the resistance level at 1300 SAT and above.

On the contrary, if the sellers bring the market to the south, traders can expect a fall below the lower boundary of the channel, and this could hit the support at 680 SAT and below. Meanwhile, the technical indicator Relative Strength Index (14) is likely to cross above the 50-level, suggesting more bullish signals.

Alternatives to Synthetix

The Synthetix price may continue to rise toward the north if the bulls could hold the current market value of $2.76 level. Meanwhile, the bullish movement to the upside could not allow the market to bow to the selling activity under $2.50. However, Love Hate Inu is an exciting Ethereum-based meme coin project that lets you share your opinions about hot topics and earn rewards. Using its innovative ‘Vote-to-Earn’ (V2E) mechanism, this platform allows you to create a recurring revenue stream from your opinions on the most hot-button issues as almost $3.5m has been raised in the ongoing presale.