Technical analysis by CryptoNuclear about Symbol SNX: Buy recommendation (7/23/2025)

📌 🔍 Overview: After months of relentless downward pressure, SNX has finally shown a strong technical breakout. The price has decisively broken above the long-term descending trendline, signaling a potential shift in structure from bearish to bullish. This could mark the beginning of a significant impulse wave to the upside. 📐 📊 Technical Structure & Key Pattern Breakdown: 🔻 Broken Downtrend Line: Price action has successfully broken above a descending trendline that has been in place since December 2024, effectively ending the bearish dominance. 🔺 Falling Wedge Pattern: A classic falling wedge has formed and recently completed with a confirmed breakout — a bullish reversal pattern that often precedes strong upside momentum. 🟨 Accumulation Zone (Base Support): The yellow box between $0.60 – $0.72 acted as a major accumulation zone and now flips into a strong demand/support area. 📈 Higher Lows Structure: The recent structure of higher lows signals a shift in market sentiment, showing early signs of accumulation and bullish interest. ✅ Bullish Scenario (Upside Continuation): If price holds above the breakout zone and confirms strength: 🎯 Target 1: $0.938 (key horizontal resistance) 🎯 Target 2: $1.042 – $1.100 (historical resistance zone) 🎯 Target 3: $1.248 – $1.625 🎯 Target 4 (Mid-term rally): $1.966 – $2.197 🏁 Final Bullish Target (Longer term): $3.372 – $3.686 A strong continuation would require confirmation via increased trading volume and bullish momentum from the broader crypto market. ❌ Bearish Scenario (Failed Retest or Rejection): However, if the price fails to sustain above the breakout level: 🚨 Risk of a false breakout emerges if price falls back below $0.724 🔻 Breakdown of the yellow support box could trigger a deeper correction toward: Support 1: $0.60 Support 2 (Major Low): $0.480 This would form a classic bull trap and extend the consolidation phase. ⚠️ Validation & Risk Considerations: Volume confirmation is key. A breakout without rising volume may lack follow-through. Watch closely for price action in the coming days — will it hold above the breakout zone or fall back? Strategy: Look for retest entries or enter with partial exposure, using tight risk management. 🧠 Conclusion: SNXUSDT is at a pivotal turning point. The breakout from a falling wedge pattern combined with higher low formations is a textbook bullish reversal setup. If price holds and buyers step in, we may be witnessing the early stages of a major bull run for SNX. #SNXUSDT #SNXBreakout #AltcoinSetup #BullishReversal #FallingWedge #CryptoSignals #CryptoTrading #ChartAnalysis #PriceAction