Synthetix Price Prediction: SNX Prepares a Stance Toward Swing Highs ByAzeez MustaphaPRO INVESTOR Updated: 13 July 2022 DisclosureWe sometimes use affiliate links in our content, when clicking on those we might receive a commission – at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy. Join Our Telegram channel to stay up to date on breaking news coverage Synthetix (SNX) Price Prediction – July 12The Synthetix market price prepares a stance toward swing highs at a lower-trading spot found around a buying wall already created in the late operations. The crypto economy trades between the last thirty days’ low and high-value lines of $1.45 and $3.59. The present trading situation is witnessing a positive percentage rate of 6.61 positives.Synthetix (SNX) Price Statistics:SNX price now – $2.46SNX market cap – $280 millionSNX circulating supply – 114.8 million SNX total supply – 215.3 millionCoinmarketcap ranking – #94SNX/USD Market Key Levels: Resistance levels: $3, $3.50, $4Support levels: $1.50, $1, $0.50SNX/USD – Daily Chart The SNX/USD daily chart showcases the crypto-economic price and prepares a stance toward swinging highs around the smaller SMA trend line. The 50-day SMA indicator is above the 14-day SMA indicator. The Stochastic Oscillators are in a southbound bending position across variant range points, closely pointing to the range of 20. The trading outlook, with the emerging appearance of a bullish candlestick from beneath the smaller SMA, the crypto economy stands a chance of pushing higher in the subsequent sessions. Buy Synthetix Now Will the SNX/USD trade set a new formidable baseline at the $2 level? The SNX trade prepares for a stance toward swing highs. And, it has been that the capacity of drawing down the SNX/USD market operations has been increasingly declining so that the crypto economy will be able to push from or around the $2 level for sustainable ups afterward. Therefore, long-position takers may have to keep an eye on the price reactions around the value line mentioned earlier. A sudden breakdown may amount to plummeting the stability chance of bulls around the said point.On the downside of the technical analysis, the SNX/USD market bears may be partially getting control of the trading activities around the trend line of the 14-day SMA for a while. But, a sustainable headlong push will have to occur against the $2 level to allow sellers to get profitable-entry orders while the presumed price action is in a downward-trending force. However, investors may consider introducing part of their financial portfolio into the market during that proceeding, if not even at the moment. SNX/BTC Price Analysis Synthetix’s trending ability, compared with Bitcoin, is struggling to hold back positions closely above the trend lines of the SMAs. The cryptocurrency pair price prepares a stance toward swing highs after running in a correction to the area of the SMAs. The 14-day SMA indicator is slightly above the 50-day over the upper bearish trend line drawn. The Stochastic Oscillators are in the oversold region, seemingly attempting to cross back northbound. It shows the base crypto is somewhat preparing to make a comeback soon against the countering crypto. AiDoge - New Meme to Earn Crypto Our Rating Earn Crypto For Internet Memes First Presale Stage Open Now, CertiK Audited Generate Memes with AI Text Prompts Staking Rewards, Voting, Creator Benefits Join Presale Read more: How to buy Synthetix How to buy cryptocurrency Join Our Telegram channel to stay up to date on breaking news coverage