The question is if Synthetix Network is currently on an uptrend?
According to the data, since April 4, 2022, Synthetix Network has been steadily decreasing and has gone down -29.17%. Concerning the 200-day moving average line, -28.81 is currently -43.45% above it. It is also -49.27% above the 100-day moving average line and __val__% above the 50-day moving average line.
Predictions for the price of Synthetix Network in 2023
Let's examine the one-year forecast more closely since it is the most precise of the analysts' forecasts.
Analysts were divided in their predictions for the Synthetix Network price over the next year. The highest forecast predicted a one-year price target of $5.76. However, the most pessimistic forecast was $4.37.
The latest average price target for the next year is $4.98, which is the most vital figure.
This indicates a possible increase of 1.04 percent.
SNX - Relative Strength Forecast
SNX - Trend Prediction
SNX - Price Volatility Prediction
SNX - Relative Strength
SNX - Momentum Forecast
Synthetix Network's Prospects For 2025-2030
Synthetix Network's future looks promising. According to three analysts, Synthetix Network is expected to reach $5.09 by March 2025. The five-year forecast projects that the Synthetix Network price will be $5.19 by March 2027. The long-term prediction for 2030 is $5.36.