Technical analysis by Bigglesmac about Symbol SNX: Buy recommendation (5/18/2024)

For those who don't chase what is hot in the now. And want to accumulate what has strong fundamentals and a good value proposition to make a run later in this cycle. I suggest doing a deeper dive into Synthetix and all its ecosystem has to offer. Under a billion FDV as of publishing (883M) - the fundamental utility of holding SNX allows the holder to mint SUSD at will = Creating digital dollars has always been one of the best fundamental usecases of Defi.Top it off with the strong possibility of an Infinex airdrop, the latest and innovative hybrid CeX/DeX built by many of the same team as the Synthetix creators.Strong ecosystem, fundamentals, and prospective airdrop, I believe SNX is in deep value, accumulation range right now. Fibonacci retracement is very accurate in dictating levels of resistance and possible take profit strategies.