2021-07-21 17:00:05
Synthetix (SNXUSD) Bullish Campaign Comes to an Abrupt End
Price Analysis – $13.500 Resistance Halts SNXUSD Bullish Campaign
SNXUSD bullish campaign will have to wait another turn after it abruptly ended at the $13.500 key level. Bears initially plunged the market from this level on the 27th of May 2021. This was after the big drop had happened earlier on the 19th of May 2021. Price tried to recover from the fall and rallied back again, but it met $13.500 as resistance. After some days of trying, bulls gave up and the market fell, initially to $9.270 support, then further to $5.500.
SNXUSD Significant Zones
Resistance Zones: $9.270, $13.500, $16.400
Support Zones: $5.500, $2.500, $0.040
At this point, the buyers got revived and started pushing the price upwards. The market began climbing a sloppy uptrend line. There was a pullback to $9.270 support from which the…
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