Follows Bitcoin closely
Over the last 30 days, SNX's daily moves had a 0.80 correlation with Bitcoin (1 means identical direction). It usually follows Bitcoin, which is −3.2% today.
Bitcoin price →
why / snx
Why is Synthetix down today?
Synthetix (SNX) is down 7.7% in the last 24 hours, trading at $0.1827. It usually moves with Bitcoin, which is −3.2% today. That is 4.7% worse than the whole crypto market (−2.9%), so part of the move is specific to Synthetix.
SNX 24h−7.66%
Whole market 24h−2.94%
Bitcoin 24h−3.23%
Link to BTC (30d)0.80
Volume vs normal0.8×
Exchange-based Tokens sector−3.44%
signals
What is moving Synthetix
Strongest signals first.
Doing worse than the market
The total crypto market is −2.9% in 24 hours. SNX is −7.7%, 4.7% worse than the market, so part of the move is specific to Synthetix.
Why is the crypto market moving? →The Exchange-based Tokens sector is down
Synthetix is part of the Exchange-based Tokens sector, which is −3.4% today. SNX is moving with its sector.
Exchange-based Tokens sector →Lowest price in 30 days
SNX at $0.1827 is below every daily close of the past month (previous low $0.1828). Breaking a recent low can trigger stop-loss selling.
Weak month
SNX is −16% this week and −29% over 30 days, so today's move continues the monthly trend.
Normal trading volume
Volume is close to its 30-day average (0.8×), so there is no rush of buyers or sellers today.
Market mood: Fear (30)
The Crypto Fear & Greed Index reads 30 out of 100, down from 51 yesterday. Sentiment is not extreme either way.
Fear & Greed Index →Liquidations, funding and open interest
See whether leveraged traders are being forced out of SNX positions right now, on the chart, in the Blockdeck app.
See VIP layers →next
Keep exploring Synthetix
faq
Questions
Why is Synthetix down today?
Synthetix (SNX) is down 7.7% in the last 24 hours, trading at $0.1827. It usually moves with Bitcoin, which is −3.2% today. That is 4.7% worse than the whole crypto market (−2.9%), so part of the move is specific to Synthetix.
Will Synthetix go back up?
Nobody can know that in advance, and Blockdeck does not make price predictions. What the data shows: SNX is −15.68% over 7 days and −29.22% over 30 days. Check the live chart and the signals above, and never trade more than you can afford to lose.
How is this explanation made?
From measured market data, refreshed every few minutes: the whole market's move, SNX's link to Bitcoin over 30 days, its sector, trading volume against its 30-day average, recent news, where the price sits in its range, and market sentiment. Nothing here is guessed or written by hand.
Explanations are built from market data and are not financial advice.