Technical analysis by CryptoAnalystSignal about Symbol SNX: Buy recommendation (4/29/2025)

#SNXThe price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest.We are seeing a bounce from the lower boundary of the descending channel, which is support at 0.711.We are seeing a downtrend on the RSI indicator that is about to break and retest, supporting the upward trend.We are looking for stability above the 100 Moving Average.Entry price: 0.744First target: 0.765Second target: 0.785Third target: 0.811