Synthetix Network Token price prediction
Our price prediction is based on hi-resolution deal analysis from cryptocurrency exchanges. We are collecting and gather statistics to obtain price support levels that show most important zones witch traders want to buy or sell stocks. These buy/sell histograms showed in report combined with current trend analysis can be used to build high probability forecasting of future price trends. It also can be useful to set a price on calculated levels to be sure maximum profit was received.Disclaimer
Cryptocurrency trading involves substantial risk of loss and is not suitable for every investor. All trading strategies are used at your own risk. This page performs statistical analysis of past data and can be used for assumptions about the future only taking into account the statistical probability
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Synthetix Network Token price levels prediction for next 7 days
Next 7 days brief prediction
Price of SNX has broken last trend and will FALL from the support level $1.977Historic price levels for next 7 days
These levels are based on local historic minimums and maximums. Weight shows the power of broken trends.
| Price | Weight(level power) | Date of formation |
|---|
Volume profile price channel in 7 days range
Edge levels of the price channel based on volume profile report.
| Price | Description |
|---|---|
| 1.977 | Maximum price support level based on 7 days movements |
Synthetix Network Token price levels prediction for next 30 days
Next 30 days brief prediction
Price of SNX is now on EDGE at $2.133. So the next scenario is able. If price will go up it will spend next in CHANNEL near to $2.304 with $2.379 as upper border and $2.133 as bottom. If price will go down, it will FALL with support level $2.133Historic price levels for next 30 days
These levels are based on local historic minimums and maximums. Weight shows the power of broken trends.
| Price | Weight(level power) | Date of formation |
|---|---|---|
| $4.32814359664917 | Weight: 22.087 | 04 Dec 2021 |
| $4.1650567054748535 | Weight: 27.588 | 14 Jan 2021 |
| $3.8860185146331787 | Weight: 9.313 | 01 Sep 2020 |
| $3.473560094833374 | Weight: 78.892 | 14 Jan 2021 |
| $3.3051412105560303 | Weight: 10.674 | 02 Sep 2020 |
| $3.0762577056884766 | Weight: 11.184 | 30 Aug 2020 |
| $3.00058650970459 | Weight: 10.299 | 17 Aug 2020 |
| $2.3360774517059326 | Weight: 11.307 | 12 May 2022 |
| $2.3142547607421875 | Weight: 11.087 | 11 Aug 2020 |
| $2.00290584564209 | Weight: 29.995 | 23 Oct 2020 |
Volume profile price channel in 30 days range
Edge levels of the price channel based on volume profile report.
| Price | Description |
|---|---|
| 2.133 | Edge price dividing trends based on 30 days movements |
| 2.379 | Channel maximum price resist level based in case of RAISE trend on 30 days movements |
| 2.133 | Channel minimum price resist level based in case of RAISE trend on 30 days movements |
| 2.133 | Minimum price support level in case of FALL trend based on 30 days movements |
Highly correlated currencies
| Coin | Correlation | Links |
|---|---|---|
| First tier | ||
Monero
XMR
|
0.8423848 | details, prediction |
Bitcoin
BTC
|
0.7626066 | details, prediction |
TRON
TRX
|
0.7593155 | details, prediction |
Maker
MKR
|
0.7317851 | details, prediction |
IOTA
IOT
|
0.703435 | details, prediction |
| Second tier | ||
OmiseGo
OMG
|
0.8062494 | details, prediction |
Storj
STORJ
|
0.80561996 | details, prediction |
QTUM
QTUM
|
0.7767859 | details, prediction |
Civic
CVC
|
0.7679985 | details, prediction |
Verge
XVG
|
0.7407242 | details, prediction |
| Third tier | ||
SmartMesh
SMT
|
0.7617146 | details, prediction |
FunFair
FUN
|
0.7555356 | details, prediction |
Bibox Token
BIX
|
0.7413197 | details, prediction |
XYO Network
XYO
|
0.73736566 | details, prediction |
Aion
AION
|
0.7336679 | details, prediction |
This report should be leaned to get most info about heading trends. It means that Synthetix Network Token price can be leaded by other, more mighty cryptocurrency, or maybe some market trend have affect on it.
It can be confidently asserted that any crypto currency has a significant dependence on the market as a whole and, in particular, the top 3 currencies - Bitcoin, Ethereum and Ripple, so the prediction of their prices will affect the price of Synthetix Network Token
Low correlated currencies
| Coin | Correlation | Links |
|---|---|---|
| First tier | ||
Dogecoin
DOGE
|
-0.5587378 | details, prediction |
Chiliz
CHZ
|
-0.4324776 | details, prediction |
Ethereum Classic
ETC
|
-0.39359024 | details, prediction |
Binance Coin
BNB
|
-0.39213684 | details, prediction |
Cardano
ADA
|
-0.22800618 | details, prediction |
| Second tier | ||
Telcoin
TEL
|
-0.5958364 | details, prediction |
Lisk
LSK
|
-0.5868524 | details, prediction |
Theta Fuel
TFUEL
|
-0.441423 | details, prediction |
Steem
STEEM
|
-0.42206204 | details, prediction |
NEM
XEM
|
-0.3543912 | details, prediction |
| Third tier | ||
Newton
NEW
|
-0.65416634 | details, prediction |
Energi
NRG
|
-0.6287858 | details, prediction |
Tycoon Global
TCT
|
-0.49431792 | details, prediction |
Gemini Dollar
GUSD
|
-0.4891164 | details, prediction |
Tidex Token
TDX
|
-0.46891025 | details, prediction |
This report should be leaned to build highly diversified portfolio.
It makes sense to mention that a low correlation in this case includes not only coins whose movements are not statistically related but, on the contrary, move in opposite directions (in the case of a negative value of the parameter)