Technical analysis by MyCryptoParadise about Symbol SNX: Buy recommendation (8/6/2025)

Yello, Paradisers! Is this #SNX setup just another fakeout in disguise, or is the market quietly setting up for a major bullish momentum shift? Let’s dissect what’s really happening on #SNXUSDT: 💎After moving through a falling wedge pattern for months, #Synthetix has already broken out above the descending resistance, signaling an early shift in trend. However, the real move hasn’t yet begun—a proper retest of the support zone between $0.50–$0.54 is what we’re watching for now. 💎This support zone aligns with the prior wedge breakout and also overlaps with a visible demand area, making it a key region where buyers could step in again. If bulls defend this area successfully, we expect a renewed rally toward the moderate resistance level at $0.78. 💎From there, the next upside target lies at the strong resistance around $1.01—a level with heavy volume profile resistance and previous seller activity. But that level will only come into play if the bulls reclaim momentum with conviction. 💎On the flip side, if #SNXUSD breaks below $0.48, which is our bullish invalidation level, the setup collapses and opens the door for a deeper drop toward the $0.40–$0.35 zone, where short-sellers are likely to pile in. Stay patient, Paradisers. Let the breakout confirm, and only then do we strike with conviction. MyCryptoParadise iFeel the success🌴💎#SNXUSDT is making moves in our projected bullish direction, with a 21.51% upside. The overall structure of the asset looks good and it will reach moderate resistance soon 💎 What’s your take on this development? Could we see another breakout soon? Let us know your thoughts below! 👇