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 $1.977

Historic 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 $2.133

Historic 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
0.8423848 details, prediction
0.7626066 details, prediction
0.7593155 details, prediction
0.7317851 details, prediction
0.703435 details, prediction
Second tier
0.8062494 details, prediction
0.80561996 details, prediction
0.7767859 details, prediction
0.7679985 details, prediction
0.7407242 details, prediction
Third tier
0.7617146 details, prediction
0.7555356 details, prediction
0.7413197 details, prediction
0.73736566 details, prediction
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
-0.5587378 details, prediction
-0.4324776 details, prediction
-0.39359024 details, prediction
-0.39213684 details, prediction
-0.22800618 details, prediction
Second tier
-0.5958364 details, prediction
-0.5868524 details, prediction
-0.441423 details, prediction
-0.42206204 details, prediction
-0.3543912 details, prediction
Third tier
-0.65416634 details, prediction
-0.6287858 details, prediction
-0.49431792 details, prediction
-0.4891164 details, prediction
-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)