Synthetix sees a nice 1%+ bounce as it continues to position itself as the liquidity layer for other protocols.
What's Happening:
$SNX up to $0.428.
"Project Draco" discussions and V3 implementation are long-term bullish.
Stakers are still loyal despite low token price.
Buying interest returning at these lows.
Why It Matters: SNX is infrastructure for diff derivatives. If DeFi perps grow, SNX should grow.
Technical View: Reclaiming $0.42 is good. Next stop $0.45. Support at $0.40 must hold.
🎯 Key Levels:
Support: $0.40 | Resistance: $0.45
24h Range: $0.41 - $0.43
💡 Infrastructure plays require patience.
What's your take? Drop a 🔥 for bullish, ❄️ for bearish 👇
#SNX #Synthetix #DeFi #Derivatives #Crypto
Disclaimer: This content is for educational purposes only and should not be considered financial advice. Always do your own research (DYOR) before making any investment decisions.
