Synthetix Is Ready to Rally
Synthetix (SNX) is down 4.0% to $0.665, trailing Bitcoin (BTC), which is edging higher by 0.38% to $116,500. The token has been locked in a sideways pattern since April, trading between $0.500 and $0.800, with the range tightening to $0.600–$0.750 over the past six weeks , a pattern mirrored across many altcoins. The Federal Reserve’s decision on Wednesday is expected to be the next catalyst. While a 25 bp cut is already priced in, dovish guidance could ignite momentum in the altcoin market. For SNX, the nearest resistance sits at $1.000, making it the likely first upside target.
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