Key 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 $2.230 Market Cap $763.35M Trading Volume $68.88M Circulating Supply 339.46M SNX All-time High $28.77 (Feb 14, 2021) All-time Low $0.03258 (Jan 5,2019) 24-hour High $2.24 24-hour Low $1.96 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 price analysis confirmed an increasing trend at $2.230. Cryptocurrency gained up to 12.57% in value from its previous close. SNX coin prices are targeting the next resistance around the $3.584 high. On December 24, 2024, Synthetix price analysis revealed an upward market trend for the cryptocurrency. SNX/USD value has climbed up to a $2.230 high over the past 24 hours. Side by side, the cryptocurrency gained up to 12.57% of value during the day. Despite the strong bearish tide in the earlier weeks, currently the bulls are on the leading end. SNX/USD 1-day chart: SNX value advances to $2.230 amidst upside The one-day price chart of Synthetix coin confirmed an increasing trend for the cryptocurrency. Coin value has spiked up to a $2.230 high during the day. Moreover, the overall market sentiment remained on the positive side as well. The distance between the Bollinger bands determines the market volatility. As the distance is expanding, this refers to an increasing volatility. Moving on, the upper limit of the Bollinger Bands indicator, acting as the resistance band, is at $3.584. Whereas, its lower limit, serving as the support band, is at $1.799. SNX/USD 1-day Chart. Source: TradingView The Relative Strength Index (RSI) indicator is present within the neutral area. Currently at 44.59 and still moving upward, this indicates an uptrend. The sharp ascending curve on the indicator’s graph refers to a bullish trend. The buying activities have been growing since yesterday, leading to a significant turnover. SNX/USD 4-hour chart analysis The four-hour price analysis of Synthetix coin confirmed an uptrend for the currency. Cryptocurrency value has stepped up to a $2.230 high over the past few hours. As the volatility is rising, there is a higher chance of a reversal in the market trends. The Bollinger bands are widening, referring to an increasing volatility. This increase in the market volatility signifies a relatively higher market unpredictability in the coming hours. Moving on, the upper Bollinger band has shifted to $2.192, indicating the support. Conversely, the lower Bollinger band has moved to $1.875, signaling yet another support. SNX/USD 4-hour Chart. Source: TradingView The RSI indicator is present within the neutral area for now. Its current value is at 57.11 and still moving upward; this indicates a rising bullish action. The increasing curve on the RSI graph signifies a strong bullish support. The buying pressure remained intense in the last four hours, leading to a balanced trading environment. SNX technical indicators: Levels and action Daily simple moving averages Period Value ($) 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 price analysis gives out a highly bullish prediction regarding the ongoing market events. Coin value has recovered up to a $2.230 high over the past 24 hours. Side by side, the cryptocurrency has gained a major 12.57% of its value during the day. Green candlesticks on the one-day price charts refer to an upward momentum. Technical indicators are giving out a negative signal with regards to the current price movements. However, the price charts continue to exhibit a bullish overview of the market. 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 up? The cryptocurrency market is under bullish pressure, and SNX faces the same sentiment. However, it is encouraging that SNX is one of the best performers and has moved above its average since November 24, 2024. The SNX price has increased to $2.230; moreover, it has gained up to 12.57% 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. 3️⃣/4️⃣ 🔗 Wrapper contract: https://t.co/Jq8AvFKAyk 🔗 SCCP: https://t.co/52mKvpvZRi — Synthetix ⚔️ (@synthetix_io) November 27, 2024 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.
