đź’ŽParadisers, SNXUSDT is currently showcasing a noteworthy pattern, having retested its resistance level and now positioned within a demand zone, indicating a potential for a bullish trajectory.
đź’Ž In the past, Synthetix has adhered to a descending trendline, breaking above it to initiate an ascent and retesting a resistance level. Presently, it finds itself back in a demand zone, and the prospects of it embarking on a bullish path from here are strong.
đź’Ž The immediate target appears to be the resistance at 2.532, with the subsequent aim to overcome the bearish Order Block.
đź’Ž However, should the price of #SNX dip below the demand zone, there's no need for alarm, but it does increase the likelihood of a retest at the support level. It's crucial to approach this with a strategic mindset.