Key takeaways:
- The average SNX price prediction for 2024 is $1.52.
- In 2027, it will range between $4.51 and $5.40, with an average price of $4.67.
- In 2030, it will range between $14.25 and $16.73, with an average price of $14.75.
SNX is the native token for the Synthetix Network and is used for governance. It is listed on top exchanges like Binance, Uniswap, Coinbase, OKX, and Bybit. Synthetic is a decentralized protocol that allows you to create and transact synthetic tokens on the Ethereum blockchain.
Is SNX a good investment? Will it go up? Where will it be in five years? Let’s get into the SNX price prediction and technical analysis.
Overview
| Cryptocurrency | Synthetix |
| Abbreviation | SNX |
| Current Price | $2.348 |
| Market Cap | $807.42M |
| Trading Volume | $93.90M |
| Circulating Supply | 327.77M SNX |
| All-time High | $28.77 (Feb 14, 2021) |
| All-time Low | $0.03258 (Jan 5,2019) |
| 24-hour High | $2.54 |
| 24-hour Low | $2.08 |
SNX price prediction: Technical analysis
| Metric | Value |
| Volatility (30-day Variation) | 3.46% |
| 50-day SMA | $ 1.499135 |
| 200-day SMA | $ 2.00 |
| Sentiment | Bearish |
| Fear & Greed Index | 69 (Greed) |
| Green Days | 15/30 (50%) |
Synthetix price analysis
TL;DR Breakdown
- Synthetix price analysis confirmed an upward trend at $2.348.
- Coin value has gained up to 15.10% of boost during the day.
- SNX coin prices are seeking a support level around $2.348.
On November 27, 2024, Synthetix price analysis revealed an increasing market trend for the cryptocurrency. Coin value has sought bullish recovery up to a $2.348 high during the past 24 hours. If analyzed overall, the cryptocurrency received up to 15.10% of a boost through the day. The bulls have been continuously securing victories for the past few weeks, leading to a substantial recovery.
SNX/USD 1-day chart: SNX transcends $2.348 boundary after upswing
The one-day price chart of Synthetix coin confirmed an upward market trend for the currency. SNX/USD value has stepped up to $2.348 during the day. Moreover, the cryptocurrency gained up to 15.10 percent of recovery today. As the volatility is expanding rapidly, this creates high chances of a reversal in the market trends.
The gap in between the Bollinger band boundaries determines market volatility. As this gap is widening rapidly, this refers to rising market volatility. Moreover, the upper Bollinger band, acting as the support band, is situated at $2.348. Whereas the lower Bollinger band, serving as yet another support, is present at $1.269.
The Relative Strength indicator has entered the overbought region successfully. Its value launched up to index 76.97 in the last four hours of the day. The RSI indicator confirms the strong bullish tide as observed over the past few weeks. Moreover, this increasing movement defines relatively stable market conditions.
SNX/USD 4-hour chart analysis
The four-hour price analysis of Synthetix coin revealed a declining market trend. SNX/USD value has deteriorated to a $2.462 low in the past few hours. The red candlestick on the four-hour price chart marks a bearish turn. Despite the upward swing observed in the earlier hours, currently the market trend is highly bearish.
The Bollinger bands are expanding, referring to a declining volatility. This declining volatility signals a lower market unpredictability for the coming hours. Moreover, the upper Bollinger band has now shifted to $2.504, indicating the resistance threshold. Whereby, the lower Bollinger band has moved to $1.965, signifying the available support.
The RSI indicator is present close to the overbought region. Its value has been reduced to 66.65 in the past four hours. This indicates a relatively bearish market for now. Although an upside was recorded earlier, currently the market trends are in favor of the bears. The selling pressure has been intensifying over the past few hours, leading to an imbalanced trading environment.
SNX technical indicators: Levels and action
Daily simple moving averages
| Period | Value ($) | Action |
| SMA 3 | 1.416046 | SELL |
| SMA 5 | 1.452351 | SELL |
| SMA 10 | 1.436213 | SELL |
| SMA 21 | 1.488694 | SELL |
| SMA 50 | 1.499135 | SELL |
| SMA 100 | 1.471593 | SELL |
| SMA 200 | 2.00 | SELL |
Daily exponential moving averages
| Period | Value ($) | Action |
| EMA 3 | 1.4536 | SELL |
| EMA 5 | 1.463706 | SELL |
| EMA 10 | 1.476781 | SELL |
| EMA 21 | 1.489917 | SELL |
| EMA 50 | 1.503272 | SELL |
| EMA 100 | 1.639246 | SELL |
| EMA 200 | 2.00 | SELL |
What can we expect from SNX price analysis next?
Synthetix price analysis gives out a highly bullish prediction regarding today’s market events. The cryptocurrency value has surged up to a $2,462 high in the last 24 hours. Moreover, if observed overall, SNX/USD value received up to a substantial 15.10% boost. The Bulls have been securing consecutive victories over the past few weeks. Technical indicators as well as the price charts are supporting the bulls, in line with the recent turnover.
Is SNX a good investment?
The Synthetix rebranding in 2018 rejuvenated the ecosystem, which has grown continually with multiple listed synths. Despite concerns over the stability of its stablecoins, SNX, the native token, is set to mark new records, as we shall explore in Cryptopolitan’s SNX price predictions from 2024 to 2030. It is expected that SNX will reach $44 by 2030.
Why is SNX up?
The cryptocurrency market is under bullish pressure, and SNX faces the same sentiment. Moreover, it is still encouraging that SNX is one of the best performers and has moved above its average since August 13, 2024. The SNX price has increased to $2.462; moreover, it has gained up to 15.10% of its value since the last 24 hours
Will SNX reach $5?
The current price action does not justify predicting a $5 target. However, in the cryptocurrency market, things change rapidly, and if RSI returns from the oversold zone, a recovery can be initiated. It can be expected that SNX will reach $5 by 2026.
Will SNX reach $10?
According to Cryptopolitan’s price prediction, SNX will reach the $10 level by the fourth quarter of 2026. The last time SNX was seen at the $10 level was November 2021.
Will SNX reach $100?
According to Cryptopolitan’s price prediction, SNX may not reach this level in the next ten years. Considering the current market cap of the token, it seems like $100 too far-fetched.
Does SNX have a good long-term Future?
SNX is nearing an oversold position, which means the token is undervalued compared to its actual worth, which makes it a perfect time for buyers to enter the market. Considering the low price and a good future evaluation of $23 by the end of 2030, the asset is worth buying.
Recent news/ updates on SNX
- Synthetix shared its weekly report for the period ending October 30, which includes Spartan council and CC updates, along with multi-collateral perps and the SIP/SCCP status tracker.
- Synthetix released it’s 3rd quarterly report for 2024.
SNX price prediction November 2024
SNX downfall is expected to slow down. Support is also expected to appear soon with the next target at $1.57. It will average at $1.43 and trade at a minimum price of $1.27.
| Month | Potential Low ($) | Potential Average ($) | Potential High ($) |
| November | $1.27 | $1.43 | 1.57 |
SNX price prediction 2024
The price of SNX is predicted to reach a minimum value of $1.47 by Q4 of 2024. Traders can anticipate a maximum value of $1.64 and an average trading price of $1.52.
| Year | Potential Low ($) | Potential Average ($) | Potential High ($) |
| 2024 | $1.47 | $1.52 | $1.64 |
SNX price prediction 2025 – 2030
| Year | Potential Low ($) | Potential Average ($) | Potential High ($) |
| 2025 | 2.17 | 2.23 | 2.53 |
| 2026 | 3.16 | 3.25 | 3.78 |
| 2027 | 4.51 | 4.67 | 5.40 |
| 2028 | 6.55 | 6.79 | 7.79 |
| 2029 | 9.78 | 10.05 | 11.59 |
| 2030 | 14.25 | 14.75 | 16.73 |
SNX price prediction 2025
The Synthetix price forecast for 2025 is a high of $2.53. The minimum price for the year will be $2.17, and the average will be $2.23.
SNX price prediction 2026
The year 2026 will experience more bullish momentum. According to the SNX price prediction, it will range between $3.16 and $3.78, with an average trading price of $3.25.
SNX price prediction 2027
The Synthetix price prediction climbs even higher into 2027. According to the projections, the price of SNX will range between $4.51 and $5.40, with an average of $4.67.
SNX price prediction 2028
According to our SNX price prediction for 2028, we expect a maximum price of $7.79, a minimum price of $6.55, and an average price of SNX to be $6.79.
SNX price prediction 2029
According to the Synthetix Network price prediction 2029, SNX will reach a maximum and minimum price of $11.59 and $9.78, respectively, with a year-round average price of Synthetix $10.05.
SNX price prediction 2030
The Synthetix SNX price prediction for 2030 indicates a price range of $14.25 and $16.73 and an average price of $14.75. This prediction also hinges on the global recognition and adoption of blockchain technology.
Synthetix market price prediction: Analysts SNX price forecast
| Firm | 2024 | 2025 |
| Changelly | $4.08 | $5.95 |
| DigitalCoinPrice | $5.44 | $6.44 |
| CryptoPredictions | $4.37 | $4.86 |
Cryptopolitan’s Synthetix (SNX) price prediction
Our analysis shows that SNX has been highly volatile since its historical listing price. It remains range-bound at current levels, with predictions indicating it will break out higher. SNX will achieve a high of $1.64 by the end of 2024. SNX is expected to trade between $2.17 and $2.53 in 2025. In 2030, SNX will be priced between $14.25 to $16.73 with an average price of $14.75.
Synthetix historic price sentiment
- Kain Warwick launched Synthetix in September 2017 under Havven (HAV).
- The HAV Airdrop Campaign ran between 4 and 14 February 2018 and offered two million tokens for around $1 million.
- On November 30, 2018, Synthetic announced its rebranding from Havven. This included renaming its native token, HAV (Havven token), to SNX. The contract address did not change.
- It registered its lowest price at $0.03258 on January 5, 2019.
- Different from most mega-altcoins, SNX did not rally after launch; it consistently traded below $0.5 until the last quarter of 2019.
- In 2020, it made a mega rally to $7.3. In the 2021 bull cycle, it shot higher, and on February 14, it registered its all-time high at $28.77.
- It reversed to $5 in July before pumping again to $15 in September.
- In the 2022 crypto winter, SNX shed most of its value as it retreated to the $2 mark by the end of the year.
- In 2023, it consistently traded between $1.5 and $3 until the last quarter, when it had its break.
- In March 2024, SNX reached a high of $5; in July, SNX came down from $2.01 to $1.65 range.
- In August 2024, SNX token’s price dipped as low as $1.20, and September saw a maximum price of $1.71.
- In October 2024, SNX dipped and became rangebound. It closed the month with a $1.31 price tag.
- At the start of November, SNX is trending near $1.31.
