SNX Price PredictionKey takeaways:
- The average SNX price prediction for 2024 is $1.47.
- In 2027, it will range between $4.27 and $5.31, with an average price of $4.39.
- In 2030, it will range between $13.49 and $15.57, with an average price of $13.87.
SNX is the native token for the Synthetix Network and is used for governance. It is listed on top exchanges like Binance, Uniswap, Coinbase, OKX, and Bybit. Synthetic is a decentralized protocol that allows you to create and transact synthetic tokens on the Ethereum blockchain.
Is SNX a good investment? Will it go up? Where will it be in five years? Let’s get into the SNX price prediction and technical analysis.
Overview
| Cryptocurrency | Synthetix |
| Abbreviation | SNX |
| Current Price | $2.73 |
| Market Cap | $915.57M |
| Trading Volume | $139.99M |
| Circulating Supply | 336.81M SNX |
| All-time High | $28.77 (Feb 14, 2021) |
| All-time Low | $0.03258 (Jan 5,2019) |
| 24-hour High | $3.26 |
| 24-hour Low | $2.46 |
SNX price prediction: Technical analysis
| Metric | Value |
| Volatility (30-day Variation) | 20.84% |
| 50-day SMA | $ 1.656105 |
| 200-day SMA | $ 1.977264 |
| Sentiment | Bullish |
| Fear & Greed Index | 80 (Extreme Greed) |
| Green Days | 18/30 (60%) |
Synthetix price analysis
TL;DR Breakdown
- Synthetix coin price analysis confirms a downtrend at $2.734.
- Cryptocurrency has lost a massive 12.59% of its value today.
- SNX coin prices are targeting the next resistance around $3.466.
On December 10, 2024, Synthetix price analysis revealed a declining market trend for the cryptocurrency. SNX/USD value has dropped down to a $2.73 low in the past 24 hours. Side by side, the cryptocurrency lost a major 12.59% of value through the day. This creates unfavorable circumstances for the investors, as the cryptocurrency is losing rapidly.
SNX/USD 1-day chart: Bearish strike leads to decline below $2.73
The one-day price chart of Synthetix coin confirmed a downward market trend for the cryptocurrency. Coin value has depreciated to $2.734, a low during the day. Moreover, the overall market sentiment remained extremely bearish. Despite the upswing in the previous weeks, currently the bears are securing the lead.
The gap between the Bollinger bands determines the market volatility. As this gap is experiencing reduction, this refers to a declining volatility. Moving on, the upper end of the Bollinger Bands indicator, acting as the resistance, is at $3.466. Conversely, its lower end, serving as the support, has shifted to $1.711.
The Relative Strength Index (RSI) indicator lies within the neutral region for now. Currently at 56.67 and still moving downwards, this indicates a rising bearish strength. The decreasing curve on the indicator’s graph refers to an intensifying selling pressure. If the selling activities continue to intensify, the market can enter a prolonged period of instability.
SNX/USD 4-hour chart analysis
The four-hour price analysis of Synthetix coin confirmed a decreasing trend for the currency. SNX/USD value has deteriorated to $2.734 over the past four hours. Despite the upswing in the earlier hours, currently the bears are on the leading end.
The Bollinger bands are widening, leading to a rising volatility. The rising volatility levels signal a higher market unpredictability for the coming hours. Moving ahead, the upper limit of the Bollinger Bands indicator, serving as resistance, is now at $3.542. However, the lower Bollinger band is now present at $2.684, signifying the availability of support.
The RSI indicator is hovering below the neutral region. Its value has deteriorated to index 38.46 over the past four hours. The RSI graph reflects the bearish market with a descending curve. The selling activities remained intense over the last four hours, leading to a rising bearish momentum. This increase in the bearish momentum situated the market in an unstable region.
SNX technical indicators: Levels and action
Daily simple moving averages
| Period | Value ($) | Action |
| SMA 3 | 2.18 | BUY |
| SMA 5 | 2.27 | BUY |
| SMA 10 | 2.21 | BUY |
| SMA 21 | 1.950 | BUY |
| SMA 50 | 1.656 | BUY |
| SMA 100 | 1.567 | BUY |
| SMA 200 | 1.977 | BUY |
Daily exponential moving averages
| Period | Value ($) | Action |
| EMA 3 | 1.917 | BUY |
| EMA 5 | 1.776 | BUY |
| EMA 10 | 1.645 | BUY |
| EMA 21 | 1.571 | BUY |
| EMA 50 | 1.537 | BUY |
| EMA 100 | 1.648 | BUY |
| EMA 200 | 1.999 | BUY |
What can we expect from SNX price analysis next?
Synthetix coin price analysis gives out a highly bearish prediction with regards to the ongoing market events. SNX/USD value has decreased to a $2.734 low over the last 24 hours. Side by side, the market sentiment remained extremely bearish. Overall, the cryptocurrency lost up to a massive 12.59 percent of value during the day. Technical indicators are giving out a positive verdict; however, the price charts continue to present a bearish outlook.
Is SNX a good investment?
The Synthetix rebranding in 2018 rejuvenated the ecosystem, which has grown continually with multiple listed synths. Despite concerns over the stability of its stablecoins, SNX, the native token, is set to mark new records, as we shall explore in Cryptopolitan’s SNX price predictions from 2024 to 2030. It is expected that SNX will reach $44 by 2030.
Why is SNX down?
The cryptocurrency market is under bearish pressure, and SNX faces the same sentiment. However, it is still encouraging that SNX is one of the best performers and has moved above its average since August 13, 2024. The SNX price has decreased to $2.734; moreover, it has lost up to 12.59% of its value since the last 24 hours
Will SNX reach $5?
The current price action does not justify predicting a $5 target. However, in the cryptocurrency market, things change rapidly, and if RSI returns from the oversold zone, a recovery can be initiated. It can be expected that SNX will reach $5 by 2026.
Will SNX reach $10?
According to Cryptopolitan’s price prediction, SNX will reach the $10 level by the fourth quarter of 2026. The last time SNX was seen at the $10 level was November 2021.
Will SNX reach $100?
According to Cryptopolitan’s price prediction, SNX may not reach this level in the next ten years. Considering the current market cap of the token, it seems like $100 too far-fetched.
Does SNX have a good long-term Future?
SNX is nearing an oversold position, which means the token is undervalued compared to its actual worth, which makes it a perfect time for buyers to enter the market. Considering the low price and a good future evaluation of $23 by the end of 2030, the asset is worth buying.
Recent news/ updates on SNX
- Synthetix introduces a $USDC to $sUSD wrapper on Optimism with a $70M cap and zero fees for an easier way to convert to sUSD.
SNX price prediction December 2024
SNX is under correction after peaking, but its downfall is expected to slow down. Support is also expected to appear soon with the next target at $2.74. It will average $2.01 and trade at a minimum price of $1.292.
| Month | Potential Low ($) | Potential Average ($) | Potential High ($) |
| December | $1.292 | $2.01 | 2.74 |
SNX price prediction 2024
The price of SNX is predicted to reach a minimum value of $1.35 by Q4 of 2024. Traders can anticipate a maximum value of $1.52 and an average trading price of $1.47.
| Year | Potential Low ($) | Potential Average ($) | Potential High ($) |
| 2024 | $1.35 | $1.47 | $1.52 |
SNX price prediction 2025 – 2030
| Year | Potential Low ($) | Potential Average ($) | Potential High ($) |
| 2025 | 2.04 | 2.10 | 2.44 |
| 2026 | 3.01 | 3.11 | 3.54 |
| 2027 | 4.27 | 4.39 | 5.31 |
| 2028 | 6.14 | 6.32 | 7.38 |
| 2029 | 9.02 | 9.27 | 10.56 |
| 2030 | 13.49 | 13.87 | 15.57 |
SNX price prediction 2025
The Synthetix price forecast for 2025 is a high of $2.44. The minimum price for the year will be $2.04, and the average will be $2.10.
SNX price prediction 2026
The year 2026 will experience more bullish momentum. According to the SNX price prediction, it will range between $3.01 and $3.54, with an average trading price of $3.11.
SNX price prediction 2027
The Synthetix price prediction climbs even higher into 2027. According to the projections, the price of SNX will range between $4.27 and $5.31, with an average of $4.39.
SNX price prediction 2028
According to our SNX price prediction for 2028, we expect a maximum price of $7.38, a minimum price of $6.14, and an average price of SNX to be $6.32.
SNX price prediction 2029
According to the Synthetix Network price prediction for 2029, SNX will reach a maximum and minimum price of $10.56 and $9.02, respectively, with a year-round average price of Synthetix $9.27.
SNX price prediction 2030
The Synthetix SNX price prediction for 2030 indicates a price range of $13.49 and $15.57 and an average price of $13.87. This prediction also hinges on the global recognition and adoption of blockchain technology.
Synthetix market price prediction: Analysts SNX price forecast
| Firm | 2024 | 2025 |
| Changelly | $4.08 | $5.95 |
| DigitalCoinPrice | $5.44 | $6.44 |
| CryptoPredictions | $4.37 | $4.86 |
Cryptopolitan’s Synthetix (SNX) price prediction
Our analysis shows that SNX has been highly volatile since its historical listing price. It remains unpredictable at current levels, with predictions indicating it will break out higher. SNX will achieve a high of $1.64 by the end of 2024. SNX is expected to trade between $2.17 and $2.53 in 2025. In 2030, SNX will be priced between $14.25 to $16.73 with an average price of $14.75.
Synthetix historic price sentiment
- Kain Warwick launched Synthetix in September 2017 under Havven (HAV).
- The HAV Airdrop Campaign ran between 4 and 14 February 2018 and offered two million tokens for around $1 million.
- On November 30, 2018, Synthetic announced its rebranding from Havven. This included renaming its native token, HAV (Havven token), to SNX. The contract address did not change.
- It registered its lowest price at $0.03258 on January 5, 2019.
- Different from most mega-altcoins, SNX did not rally after launch; it consistently traded below $0.5 until the last quarter of 2019.
- In 2020, it made a mega rally to $7.3. In the 2021 bull cycle, it shot higher, and on February 14, it registered its all-time high at $28.77.
- It reversed to $5 in July before pumping again to $15 in September.
- In the 2022 crypto winter, SNX shed most of its value as it retreated to the $2 mark by the end of the year.
- In 2023, it consistently traded between $1.5 and $3 until the last quarter, when it had its break.
- In March 2024, SNX reached a high of $5; in July, SNX came down from $2.01 to $1.65 range.
- In August 2024, SNX token’s price dipped as low as $1.20, and September saw a maximum price of $1.71.
- In October 2024, SNX dipped and became rangebound. It closed the month with a $1.31 price tag, while November saw a stream of improved prices through out with the coin peaking $2.63.
- At the start of December, SNX is trending near $2.44.
