Technical analysis by MyCryptoParadise about Symbol SNX: Buy recommendation (12/24/2025)

Yello, Paradiser! Are you prepared for the moment when #SNXUSDT finally decides whether it will punish late bears or wipe out impatient longs? Let's look at the #Synthetix trade setup: 💎#SNX is currently trading around $0.418 on the 4H timeframe and remains stuck inside a clearly defined descending channel, respecting both the descending resistance and descending support with high precision. This type of structure tells us one thing very clearly: the market is compressing, and a decisive move is getting closer. 💎Price is now sitting just above a key demand zone around $0.38–$0.39, where buyers have already shown interest multiple times. This zone is crucial. As long as #SNXUSD holds above it, bulls still have a chance to regain control. The chart also highlights that a clean breakout above the descending resistance, combined with a reclaim of the 50 EMA as support, would significantly increase the probability of a bullish continuation. 💎If that bullish scenario plays out, the first upside target sits at the moderate resistance near $0.51, followed by a much more important strong resistance around $0.60–$0.61. A move toward those levels would likely happen fast, as many traders are currently positioned defensively and would be forced to react to a breakout. 💎However, this setup comes with a very clear invalidation. If price loses the $0.38 support zone decisively, the bullish idea is off the table. A breakdown below this level would confirm weakness and open the door for a deeper move toward the $0.33 support zone, where the next significant liquidity sits. That scenario would likely come with increased volatility and emotional selling from inexperienced traders. Trade smart, Paradisers. This setup will reward only the disciplined. MyCryptoParadise iFeel the success🌴