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 $2.849 Market Cap $940.61M Trading Volume $115.89M Circulating Supply 327.77M SNX All-time High $28.77 (Feb 14, 2021) All-time Low $0.03258 (Jan 5,2019) 24-hour High $2.83 24-hour Low $2.44 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 $2.849. Cryptocurrency gained up to a massive 16.10% of value today. SNX coin prices are targeting the next resistance around $2.908. On December 3, 2024, Synthetix price analysis revealed an upward market trend for the cryptocurrency. Cryptocurrency value has launched up to $2,849 over the last 24 hours. Side by side, the cryptocurrency gained up to 16.10 percent value during the day. This creates an encouraging scenario for the investors as the cryptocurrency is gaining rapidly. SNX/USD 1-day chart: Upward swing results in a hike above $2.849 The one-day price chart of Synthetix coin confirmed an increasing market trend for the cryptocurrency. Coin value has hiked up to a $2.849 high in the past 24 hours. Moreover, the overall market sentiment remained in favor of the bulls as well. Considering the rising volatility, there are high chances of a reversal in the market events soon. The gap between the Bollinger bands determines the market volatility. As this gap is widening rapidly, this indicates an increasing volatility. Moving on, the upper end of the Bollinger Bands indicator is now present at $2.908, indicating the resistance point. Whereas, its lower end is associated at $1.287, securing the available support. SNX/USD 1-day Chart. Source: TradingView The Relative Strength Index (RSI) indicator is present within the overbought region. Its value has increased up to 78.72 high in the past 24 hours. This marks a highly bullish market scenario for the investors. The buying activities have been constantly growing, thereby resulting in massive recovery. These increasing movements refer to a relatively balanced trading environment. SNX/USD 4-hour chart analysis The four-hour price analysis of Synthetix coin revealed an upward price movement. SNX/USD value has hiked up to $2.851, thereby transcending the resistance present at $2.832. Considering the upward swing, the coin value is now situated above the moving average limit. The Bollinger bands are expanding rapidly, which refers to an increasing volatility. This increasing volatility refers to a higher market unpredictability for the coming hours. Moreover, the upper limit of the Bollinger Bands indicator, serving as the support band, has shifted to $2.832. Whereas the lower limit of the Bollinger Bands indicator, acting as yet another support band, has moved to a $2.392 low. SNX/USD 4-hour Chart. Source: TradingView The RSI indicator is present close to the overbought threshold. Its value has hiked up to 69.54 over the last four hours. This indicates a highly bullish scenario for the cryptocurrency. The price movements remained in favor of the buyers through the day. In the past few hours, the bulls achieved a considerable recovery. The current market scenario induces confidence within the investors regarding the future price increases. SNX technical indicators: Levels and action Daily simple moving averages Period Value ($) 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 price prediction with regards to the ongoing market events. SNX/USD value has hiked up to a $2.849 high over the last 24 hours. Side by side, the cryptocurrency gained a massive recovery of up to 16.10 percent. Technical indicators, as well as the price charts, give out a highly bullish verdict regarding the market situation. The buying activities remained high over the past four hours as well, resulting in a sufficient recovery. 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. Moreover, 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 increased to $2.849; moreover, it has gained up to 16.10% 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 SNX has announced that December 1 is the final submission deadline for the 2024 meme competition. Winners will receive prizes in $PEPE tokens in addition to $SNX rewards. Last call, meme lords: today’s the day to submit for the meme comp! Your meme’s worth 100M $PEPE ? Time to send it. Don’t let your creativity get rugged by procrastination. Post it on X, rally your trading buddies, and farm those reactions. Deadline’s tonight—don’t miss out. https://t.co/MBrZqmJycc — Synthetix ⚔️ (@synthetix_io) December 1, 2024 Synthetix shared its weekly report for the period ending October 30, which includes Spartan council and CC updates, along with multi-collateral perps and the SIP/SCCP status tracker. Weekly recap for @synthetix_io ⚔️Spartan Council & CC updates ⚔️Multi-collateral perps ⚔️SIP/SCCP status tracker Podcast on YOUTUBE: https://t.co/wWYQqvJf5g Anchor Podcast: https://t.co/uUdC4BCjmT BLOG: https://t.co/wtfg7aQGDt — SNXweave (@snx_weave) October 30, 2024 SNX price prediction December 2024 SNX is under correction after peaking, but it’s downfall is expected to slow down. Support is also expected to appear soon with the next target at $2.74. It will average at $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 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.
