{"id":362844,"date":"2022-12-06T23:54:24","date_gmt":"2022-12-07T04:54:24","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=362844"},"modified":"2022-12-09T10:34:27","modified_gmt":"2022-12-09T15:34:27","slug":"synthex-price-prediction-for-today-december-6-snx-usd-faces-the-rejection-of-the-2-00-level","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/synthex-price-prediction-for-today-december-6-snx-usd-faces-the-rejection-of-the-2-00-level","title":{"rendered":"Synthetix Price Prediction for Today, December 6: SNX\/USD Faces the Rejection\u00a0of the $2.00 Level\u00a0\u00a0"},"content":{"rendered":"<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-362845\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/12\/SNXUSD-Daily-December-6.png\" alt=\"Synthex Price Prediction for Today, December 6: SNX\/USD Faces the Rejection&nbsp;of the $2.00 Level&nbsp;&nbsp;\" width=\"1280\" height=\"461\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/12\/SNXUSD-Daily-December-6.png 1280w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/12\/SNXUSD-Daily-December-6-300x108.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/12\/SNXUSD-Daily-December-6-1024x369.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/12\/SNXUSD-Daily-December-6-768x277.png 768w\" sizes=\"(max-width: 1280px) 100vw, 1280px\"><\/p>\n<p><span data-preserver-spaces=\"true\">In the last daily trading session, we had a strong bullish price breakout that took the price close to the $2.00 resistance level. The session was almost totally bullish. In today&rsquo;s trading session, the <a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/buy-synthetix\">Synthetix<\/a> bull market continued and breaks the resistance level. At $2.05, the price begins to face rejection from the supply zone.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">Synthetix Market Price Statistic:<\/span><\/strong><\/p>\n<ul>\n<li><span data-preserver-spaces=\"true\">SNX\/USD price now: $1.9<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">SNX\/USD market cap: 473,897,417<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">SNX\/USD circulating supply:247,453,713.29<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">SNX\/USD total supply: 308,069,419<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">SNX\/USD coin market ranking: #334<\/span><\/li>\n<\/ul>\n<p><strong><span data-preserver-spaces=\"true\">Key Levels<\/span><\/strong><\/p>\n<ul>\n<li><span data-preserver-spaces=\"true\">Resistance: $2.5, $3.0, $3.5<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Support: $1.9, $1.8, $1.7<\/span><\/li>\n<\/ul>\n<h2><strong><span data-preserver-spaces=\"true\">Synthetix Market Price Analysis: The Indicators&rsquo; Point of View<\/span><\/strong><span data-preserver-spaces=\"true\">.<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">It looks like the bear market is gathering momentum and the price is rebounding. The Bollinger indicator had beforehand given the sign of the possibility of the bullish price pulling back. The price action of today makes the upper band and the lower band of the indicator diverge &ndash; meaning that the bears are also putting strong pressure on the market. The bull market just needs to maintain a strong support level that will prevent further fall in the price of the market today. So from the new support level, buyers can again attempt to break the $2.0 level.<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-362846\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/12\/SNXUSD_2022-12-07_03-48-11.png\" alt=\"Synthex Price Prediction for Today, December 6: SNX\/USD Faces the Rejection&nbsp;of the $2.00 Level&nbsp;&nbsp;\" width=\"1280\" height=\"563\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/12\/SNXUSD_2022-12-07_03-48-11.png 1280w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/12\/SNXUSD_2022-12-07_03-48-11-300x132.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/12\/SNXUSD_2022-12-07_03-48-11-1024x450.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/12\/SNXUSD_2022-12-07_03-48-11-768x338.png 768w\" sizes=\"(max-width: 1280px) 100vw, 1280px\"><\/p>\n<h2><strong><span data-preserver-spaces=\"true\">SNX\/USD 4-Hour Chart Outlook<\/span><\/strong><\/h2>\n<p><span data-preserver-spaces=\"true\">According to the RSI indicator, the price pullback is a result of a correction from the overbought zone. It is very likely that the bullish run will continue after the pullback. When we take a look at the volume of the selling trade, we can notice a decline. With the selling pressure weakening, the buying pressure can regain the upper hand as they take the market to the $2.2 price level.<\/span><\/p>\n<p>With the new <a href=\"https:\/\/insidebitcoins.com\/visit\/dash2trade\" rel=\"nofollow\">Dash 2 Trade<\/a> network, traders can now make the most out of the crypto market. The <a href=\"https:\/\/insidebitcoins.com\/visit\/dash2trade\" rel=\"nofollow\">Dash 2 Trade<\/a> platform is a groundbreaking trading platform that furnishes traders with all they need for effective trading. You will not miss any important events on the cryptocurrency market, because the platform helps you stay on top of your trading game. <a class=\"editor-rtfLink\" href=\"https:\/\/insidebitcoins.com\/visit\/dash2trade\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">D2T<\/span><\/a> presale dashboard is launching soon as the product dev is ahead of schedule. In the ongoing presale, almost $8.5 million has been raised.<span data-preserver-spaces=\"true\">&nbsp;<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">Related&nbsp;<\/span><\/strong><\/p>\n<ul>\n<li><span data-preserver-spaces=\"true\">&nbsp;<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/insidebitcoins.com\/cryptocurrency-price\/dash-2-trade-price-prediction\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">D2T Price Prediction<\/span><\/a><\/li>\n<li><span data-preserver-spaces=\"true\">&nbsp;<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/insidebitcoins.com\/visit\/dash2trade\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">How to Buy D2T<\/span><\/a><\/li>\n<\/ul>\n<p><span data-preserver-spaces=\"true\">&nbsp;\n            <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<div class=\"fin-excerpt\">In the last daily trading session, we had a strong bullish price breakout that took the price close to the $2.00 resistance level. The session <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/news\/synthex-price-prediction-for-today-december-6-snx-usd-faces-the-rejection-of-the-2-00-level\" title=\"Synthetix Price Prediction for Today, December 6: SNX\/USD Faces the Rejection\u00a0of the $2.00 Level\u00a0\u00a0\">[&#8230;]<\/a><\/div>","protected":false},"author":1742,"featured_media":362834,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[7596],"tags":[11047,12651,12009],"class_list":["post-362844","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-snx-token","tag-snxusd","tag-synthetix"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Synthetix Price Prediction for Today, December 6: SNX\/USD Faces the Rejection\u00a0of the $2.00 Level\u00a0\u00a0<\/title>\n<meta name=\"description\" content=\"In today\u2019s trading session, the Synthex bull market continued and broke the resistance level. 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