Synthetix is Struggling at $2.0
Synthetix (SNX) is down 9.0% this week, trading at $2.225. This performance is notably worse than the broader market, with Bitcoin (BTC) losing only 3.3% to $67,000. The entire crypto market is under pressure due to an unexpectedly hawkish stance from the Federal Reserve. SNX's steep decline lacks clear justification. The key hope now lies in the strong support level at $2.000. If this support holds, there is potential for prices to recover to $3.000 per token.
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