The Synthetix coin (SNX) is been under constant bearish pressure since the crypto downtrend ha. The coin price was initially held back by the bulls in October 2021, allowing the bears to take control.
During that year, the strong selling pressure caused a significant support level of $10.32 to break, leading to a downturn in the coin’s value. The current trading price of SNX coin is $2.74. The bulls have bounced back from the support level of $1.83 and are seen heading towards the immediate resistance level of $3.95.
SNX Price Prediction 2024-2027
| Price Prediction | Potential Low ($) | Average Price ($) | Potential High ($) | Growth in % | Volatility change |
| 2024 | 3.14 | $4.46 | 5.78 | 110.95% | 184% |
| 2025 | 6.44 | $8.82 | 11.2 | 93.77% | 174% |
| 2026 | 10.6 | $13.20 | 15.8 | 41.07% | 149% |
| 2027 | 16.4 | $20.30 | 24.2 | 53.16% | 148% |
SNX Price Prediction 2024
According to weekly price analysis, Synthetix is expected to see a substantial surge of approximately 110.95% from its current levels and achieve a new 52-week high of $5.78 by 2024. However, analysts predict that the lowest possible price for SNX in the same year could be $13.14. Additionally, it is estimated that the volatility of SNX coins could be around 184% during 2024, depending on the speed at which the trend will reverse.
SNX Price Prediction 2025
In 2025, the average price of Synthetix coin could be near $8.82. It is predicted that the coin will show a growth of 93.77% from the previous year’s high to make a potential high of $11.2. The lowest point in that year is forecasted to be $6.44
SNX Price Prediction 2026
Based on the analysis, it is predicted that there will be a sluggish increase in SNX value in 2026 as compared to the previous year. The estimated highest potential price for SNX is $15.8, indicating a 41.07% growth from the previous year’s peak. The yearly average price is expected to be approximately $13.20, with a potential low of $10.6.
SNX Price Prediction 2027
It is forecasted that by 2027, the cryptocurrency market will play a significant role in the finance industry, leading to a substantial amount of investments. As a result, the price of SNX may increase significantly, reaching a potential high of $24.2, while the volatility is also expected to be high, with a potential low of $16.4 and a volatility rate of 148%.
Conclusion
The SNX coin has been in a downtrend since the start of October 2021. However, shortly, the forecast is positive for the bullish investors. With the rise of the cryptocurrency market as a whole, the SNX coin will favor the bulls.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading in stocks, cryptos or related indexes comes with a risk of financial loss.
Source: https://www.thecoinrepublic.com/2023/11/15/snx-price-prediction-2024-to-2027-will-snx-hit-50-soon/