SNX May Resume Its Upside Shortly
Synthetix prices stopped rolling back at $2.47, as the coin lost 14% in few days. The interest to the coin is moderate as its developers launched Synthetix V3 on the mainnet. Further network’s plans to make pools permissionless could be encouraging for liquidity providers, potentially leading to further growth. The launch of Infinex derivatives exchange looks promising as SNX prices surged by 65% to $3.30 per coin. The coin might be somewhat overheated recently, but the recent rollback might be a technical correction. Prices may test the $3.00 resistance once again after this correction will be over.
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