- Synthetix has an overall Neutral signal at 56/100.
- The report changes as the stored technical, pattern, on-chain metrics, positioning, and fundamental inputs update.
- Only available inputs are included; a missing layer is not treated as a neutral or zero score.
Long-term analysis
Reasons supporting a buy
- Chart patterns is 100/100.
Reasons supporting a sell
- No available long-horizon layer currently provides strong sell confirmation.
Short-term analysis
Short-term context gives more weight to technical metrics and chart patterns. Synthetix currently reads as Neutral, while the data layers below show where confirmation and risk are concentrated.
| Reasons supporting a sell | Reasons against selling |
|---|---|
| No strong sell-side layer is currently available. | Chart patterns is 100/100. |
Signal-by-signal analysis
Technical metrics
Technical metrics is 42/100 and is mixed. This section uses the latest available TraderStat data for Synthetix.
Chart patterns
Chart patterns is 100/100 and leans buy. This section uses the latest available TraderStat data for Synthetix.
On-chain activity
On-chain activity is 50/100 and is mixed. This section uses the latest available TraderStat data for Synthetix.
Social positioning
Social positioning is 49/100 and is mixed. This section uses the latest available TraderStat data for Synthetix.
Fundamental and news context
Fundamental and news context is 47/100 and is mixed. This section uses the latest available TraderStat data for Synthetix.
Conclusion
Synthetix technical analysis is a live data snapshot rather than a personalized recommendation. A stronger directional conclusion requires agreement between the available long-term and short-term inputs.
Previous daily analyst notes
Key Takeaways
- Current Price: Synthetix (SNX) is trading at $0.211, reflecting a significant disconnect from the $2.86 price listed in the article header, which appears to be a data synchronization error.
- Overall Sentiment: The technical structure is mixed. The overall technical score sits at a below-neutral 42, while the on-chain score is exactly neutral at 50, indicating a market lacking a clear directional catalyst.
- Lower Timeframe Conflict: A clear short-term conflict exists. The 15-minute chart signals a bearish target of $0.209, while the 30-minute chart points to a bullish target of $0.218, creating a tug-of-war for the immediate direction.
- Key Risk: The primary risk is the conflicting signals between the 15m and 30m timeframes. A decisive break below the 15m target or a failure to reach the 30m target could lead to increased volatility and a potential acceleration of the bearish 4h pattern.
Overview
- Important nuances: The article's current price ($0.211) is used for all analysis, as the header price ($2.86) is a data anomaly. The overall technical score of 42 is below the neutral 50 midpoint, suggesting a bearish lean in the aggregate of indicators. The on-chain score is exactly neutral at 50, offering no directional bias.
Synthetix is currently trading at $0.211. The overall technical score is 42, which is below the neutral 50 midpoint. This score is derived from a composite of indicators where the 1-hour timeframe shows a score of 42 and the 4-hour shows a 46, both below neutral. The on-chain score is a flat 50, indicating no strong fundamental pressure from the protocol's blockchain data. The market presents a complex picture with conflicting signals across the lower timeframes.
Lower Timeframe Analysis (15m and 30m)
- Important nuances: There is a direct conflict between the 15m and 30m charts. The 15m chart has a valid bearish target, while the 30m chart has a valid bullish target. The 15m RSI is low at 32, suggesting oversold conditions, which could fuel a short-term bounce.
15-Minute Chart: The analysis price is $0.211. The pattern score is 50, and a significant pattern was detected. The chart shows 4 lines and 2 Wedge patterns (medium and large). The local direction is down, with a valid target price of $0.209. The technical score for this timeframe is 40, below the neutral 50, confirming the bearish bias from the pattern.
30-Minute Chart: The analysis price is $0.211. The pattern score is 50, and a significant pattern was detected. The chart shows 3 lines and 2 patterns: a Channel (large) and a Wedge (large). The local direction is up, with a valid target price of $0.218. The technical score is 39, which is below neutral, creating a divergence where the pattern is bullish but the indicator composite is bearish.
Conflict: The 15m chart points to a decline to $0.209, while the 30m chart targets a rise to $0.218. This is a clear short-term conflict that requires resolution before a clear directional bias can be established.
Higher Timeframe Analysis (1h and 4h)
- Important nuances: The 1-hour and 4-hour timeframes are also in conflict. The 1h chart is bullish with a target of $0.216, while the 4h chart is bearish with a target of $0.206. The 1h technical score of 42 is below neutral, conflicting with its bullish pattern.
1-Hour Chart: The analysis price is $0.211. The pattern score is 47.96, and a significant pattern was detected. The chart shows 4 lines and 2 Wedge patterns (medium and large). The direction is up, with a valid target price of $0.216. The technical score for this timeframe is 42, which is below the neutral 50, indicating that while the pattern is bullish, the underlying indicators are not fully supportive.
4-Hour Chart: The analysis price is $0.211. The pattern score is 50, and a significant pattern was detected. The chart shows 7 lines and 3 patterns: a Channel (small) and two Wedge patterns (medium and large). The direction is down, with a valid target price of $0.206. The technical score is 46, also below neutral, aligning with the bearish pattern direction.
On-Chain Context and Risks
- Important nuances: The on-chain data is largely unavailable. The on-chain score is a neutral 50, but this is based on only 9 filled metrics out of a possible 131. Key data points like fees, TVL, and DEX volume are all null.
The on-chain score for Synthetix is 50, exactly neutral. However, this score is based on a limited dataset. The protocol's TVL (chain_tvl_usd) and 24-hour fees (fees_24h_usd) are not available. The 1-day change in chain TVL (chain_change_1d_pct) shows a decline of -92.96%, and the 7-day change is -100%, indicating a complete decline in that specific metric over the week. The stablecoin netflow over 24h, 7d, and 30d is reported as 0. The lack of comprehensive on-chain data makes it difficult to assess fundamental protocol health, adding a layer of uncertainty to the technical analysis.
Confirmation and Invalidation Triggers
- Important nuances: Triggers are based on the valid targets from the 15m, 30m, 1h, and 4h charts. The conflicting nature of these targets means a move that confirms one timeframe will invalidate another.
Bullish Triggers: A sustained move above the 30m target of $0.218 would confirm the bullish bias on that timeframe and the 1h chart. This would invalidate the bearish targets on the 15m and 4h charts.
Bearish Triggers: A break below the 15m target of $0.209 would confirm the bearish bias on that timeframe and align with the 4h bearish target of $0.206. This would invalidate the bullish targets on the 30m and 1h charts.
Short-Term and Long-Term Read
Short-Term (1-3 days): The setup leans bearish in the short term due to the conflict between the 15m and 30m charts. The 15m chart, being the most immediate, provides a bearish target of $0.209. The data does not yet support a clear bullish breakout, as the 30m bullish target is contradicted by the 15m and 4h bearish signals. A cautious interpretation is to expect a test of the $0.209 level before any potential recovery.
Long-Term (1-4 weeks): The long-term read is also cautious. The 4-hour chart, which carries more weight for a medium-term outlook, is bearish with a target of $0.206. The overall technical score of 42 reinforces this bearish lean. The data does not yet support a long-term bullish position. A sustained move above the 1h target of $0.216 would be the first sign of a potential shift in the medium-term trend. For more detailed analysis, visit the Synthetix hub.