- SNX saw its price drop more than 3% over the past couple of hours to trade at $2.73 at press time.
- The altcoin’s daily performance remained in the green at more than 2%.
- Technicals suggested that SNX’s price may rebound in the coming few hours and reclaim the $2.687 support.
The price of Synthetix (SNX) dropped a fair amount from its daily high of $2.90 over the past few hours according to CoinMarketCap. As a result, the crypto was trading hands at $2.73 at press time, which was an estimated hourly drop of 3.05%. Despite this latest drop in SNX’s price, the altcoin was still up more than 2% over the past 24 hours.
SNX’s positive performance against the two market leaders Bitcoin (BTC) and Ethereum (ETH) remained intact as well. At press time, the crypto was up 2.49% against BTC and was up more than 3% against the largest altcoin by market cap, ETH. As a result, 1 SNX was worth 0.00009029 BTC and 0.001418 ETH.
If this sell off continues, SNX may be at risk of testing its 24-hour low of $2.66 before the close of today’s trading session. Meanwhile, its daily trading volume was also down 68.22% at press time, as the total stood slightly above $126 mi…
The post SNX Breaks 2 Major Support Levels Over the Past Few Hours appeared first on Coin Edition.
The post SNX Breaks 2 Major Support Levels Over the Past Few Hours appeared first on Coin Edition.