DeFi tokens like $SNX empower decentralized derivatives trading, scaling with protocol usage and collateral depth.

Here's my TA on $SNX (Synthetix):

$SNX in bearish trend with declining volume and weak momentum. RSI oversold at 36 suggests potential reversal, but needs confirmation. MACD crossover below signal indicates sustained downward pressure.

Price Movement:
➤ $1.51 (+2.96%)

Market Sentiment:
➤ RSI: 36.13, MACD: -0.14496, Signal: -0.13763

Volume & Cap:
➤ 24h Volume: $50.52M, Market Cap: $513.10M

Support/Resistance:
➤ Support: $1.45, $1.24
➤ Resistance: $1.73, $1.90, $2.00

Risk Analysis:
Risk Score: 5, Confidence Level: High