$4.93
+ $0.05 (0.98%)
End-of-day quote: 2022-10-17
SNX/USD

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.

EMA 200-day line
EMA 100-day line
EMA 50-day line
SMA 200-day line
SMA 100-day line
SMA 50-day 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

Synthetix Network broke through the 25 strength line from above on and then changed into a trend, which thereby generated sell signals that lasted one month.

SNX - Trend Prediction

SNX - Price Volatility Prediction

SNX - Relative Strength

SNX - Momentum Forecast

In we then see weak volatility for Synthetix Network for a longer period of time which led to negative signals for Synthetix Network.

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.