Is It Too Late to Buy Synthetix Network? SNX Price Soars 14% as Surprising New Meme Coin Approaches $2 Million – Next Pepe Coin?
Leading derivatives liquidity protocol Synthetix Network has broken out with SNX price soaring +14% following the announcement of an upcoming Perps V3...
- Synthetix Network's SNX price has soared +14% following the announcement of an upcoming Perps V3 launch on Coinbase's BASE blockchain.
- The partnership with off-chain oracle Pyth network is also in the works.
- Perp V3 will bring innovations such as cross margins, expanded multi-collateral trading, account-based access, and liquidation upgrades.
- The news has led to a bullish market sentiment and a projected target price of $4.20.
- SNX is currently trading at $3.52 with a 24-hour change of +2.74%.
- The price has climbed +105% over the past month and is currently in a minor localized retracement after resistance at the upper trendline.
- Moving averages indicate bullish momentum, with a golden cross signal emerging on November 5.
- Key indicators show an overheated RSI but a bullish MACD.
- The risk: reward ratio suggests a potential retracement to the middle of the trading channel.
The sentiment of the article is mostly positive, highlighting the positive developments and potential for Synthetix Network and SNX price.