Synthetix Network Token(snx)market reviews and price predictions
Synthetix Network Token market statement for 2023-03-09
Yesterday the price of snx stood at $2.49. The market capitalization of the asset was $820 897 114. Synthetix Network Token’s volatility was established at 5.68%. The trading volume of the coin reached $91 257 133.
Synthetix Network Token prognosis for the next days:
We estimate the price of Synthetix Network Token to be $2.89 tomorrow 2023-03-15 and $2.79 on 2023-03-21;
We estimate the market capitalization of Synthetix Network Token to reach $926 109 921 tomorrow 2023-03-15 and $915 194 322 on 2023-03-17;
We estimate the volatility of Synthetix Network Token to become 3.74% tomorrow 2023-03-15 and 5.27% on 2023-03-17;
We estimate the trading volume of Synthetix Network Token to amount to $116 748 790 tomorrow 2023-03-15 and $115 003 456 on 2023-03-17.
Our recommendation for the pair SNX/USD for tomorrow, 2023-03-15, to buy.
A 12% drop on the Synthetix Network Token market last week (March 3 - March 9) signals that the sellers are gaining strength.
Synthetix Network Token has been bearish last week as its price has been predominantly falling. The price swings of SNX pointed to the presence of medium volatility. The price action of the coin has been accompanied by the decreased market capitalization of the said digital asset. The price action of the crypto coin from last week stemmed from the decreasing trading volume.
The bears stepped up a gear on March 2 - March 8, dropping the price of Synthetix Network Token by 9%.
Between March 2 - March 8, Synthetix Network Token has been mostly as its price has been in the falling mode. The volatility associated with the SNX market was medium, as were its price fluctuations. The market capitalization of the asset has been decreasing in concert with the price of the coin. The price action of the crypto coin from last week stemmed from the decreasing trading volume.
The bears stepped up a gear on March 2 - March 8, dropping the price of Synthetix Network Token by 9%.
The analysis of last week’s price action shows that the Synthetix Network Token market is in the phase since the price has been moving downward. SNX was caught in a period of medium volatility, which was reflected in its price action. The price action on the coin's market translated to the decline of market capitalization. The trading volume on the crypto coin's market has been decreasing throughout the reviewed period along with its price.
Down by 2% : The Synthetix Network Token market saw some bearish action last week (March 1 - March 7).
The downward movement of the Synthetix Network Token price last week indicates the chosen market is bullish. SNX has been going through a period of medium volatility, which fell in line with the occurred price changes. The price action of the coin has been accompanied by the increased market capitalization of the said digital asset. The price action of the crypto coin last week took place on the back of increased trading volume.
February 26 - March 4 market watch: Synthetix Network Token goes up by 16% as buying pressure persists.
The bullish behavior of Synthetix Network Token last week was characterized by the occurrence of upswings. The volatility of SNX has been medium throughout the reviewed period in correspondence with the price action. The price action of the coin has been accompanied by the increased market capitalization of the said digital asset. There has been a growth in trading volume on the crypto coin's market in conjunction with the price movement.
Market analysis February 22 - February 28 : Synthetix Network Token posts a 20% rally.
The price of Synthetix Network Token was rising last from February 22 until February 28, giving enough reason to conclude that the market is bullish. SNX was caught in a period of medium volatility, which was reflected in its price action. The price action on the coin's market translated to the growth of market capitalization. The price action of the crypto coin from last week stemmed from the increasing trading volume.
The bears stepped up a gear on February 20 - February 26, dropping the price of Synthetix Network Token by 7%.
The analysis of last week’s price action shows that the Synthetix Network Token market is in the phase since the price has been moving downward. SNX has been going through a period of low volatility, which fell in line with the occurred price changes. Last week’s market conditions reflected on the market capitalization of the asset, which was falling. There has been a decline in trading volume on the crypto coin's market in conjunction with the price movement.
Reservedly bullish : the price of Synthetix Network Token grew by 10% in the period of February 13 - February 19.
The analysis of last week’s price action shows that the Synthetix Network Token market is in the bullish phase since the price has been moving upward. The volatility associated with the SNX market was medium, as were its price fluctuations. The price action of the coin has been accompanied by the increased market capitalization of the said digital asset. The past week’s price movement of the crypto coin was accompanied by the growing trading volume on the corresponding market.
Restrained price action on February 12 to February 18 as Synthetix Network Token moves up by only 5%.
The behavior of Synthetix Network Token last week was characterized by the occurrence of upswings. The price swings of SNX pointed to the presence of medium volatility. The asset saw its market capitalization growing over the reviewed period together with its price. The price action of the crypto coin last week took place on the back of increased trading volume.
Buyers kept pushing the Synthetix Network Token market to the upside between February 11 and February 17 as the price increased by 7%.
The price of Synthetix Network Token was rising last from February 11 until February 17, giving enough reason to conclude that the market is bullish. The situation on the SNX market shows that the underlying asset is currently experiencing a period of medium volatility. Last week’s market conditions reflected on the market capitalization of the asset, which was rising. There has been a growth in trading volume on the crypto coin's market in conjunction with the price movement.