Technically, which token is ready for the bulls

Many are expecting the bulls ,after many years of the bears encounter on the market ,Many tokens has bottomed out , and are ready technically, waiting for the big bulls to get them up.

Cryptofxrate has spotted a cryptocurrency token that has been bottomed out and set for spike once the bulls come in.

Guess the token???

(🟥This information is not a compulsory investment plan,but an insight, please do well to do your personal research before staking in )

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🟢SYNTHETIX Network (SNX)

This project has bottom out technically and is still existing , ready for the bulls influence,

Let’s know more about $SNX

The synthetix network ($SNX) is headed  by Peter McKean (CEO), With over two decades  of experience in Software development, Blockchain and technology, The project is also led by the COO Jordan momtazi , and CTO, Justin J . Moses.

SNX was built on Ethereum and optimism and is fully backed up with decentralized liquidity providers.

SNX was launched in September 2017 and had an initial coin offerings selling over 30 million SNX tokens .

It has also been the back end for so many defi projects and was created for 2 purposes staking and governance.

Synthetix (SNX) is a decentralized liquidity provisioning protocol built on Ethereum and Optimism, serving as a backend liquidity layer for some of the most innovative protocols in the DeFi ecosystem. SNX is the native token of the Synthetix Network and has two main functions: staking and governance.

Synthetix offers user access to their spot and futures asset through synths and uses their native token as a collerteral.

Bull-tokens

Bull-tokens

Technically , SNX token has bottom out to almost it’s initial start price, with the recent pattern on the chart, a break out of the bear cage and downtrend series has been spotted and a confirmed reversal has occurred.

See also  How to Sale Mavro Coins MVR

Can the bulls pick it up from here?

Yes, possibly a recent overall market news and bullish news from the team can kick off the spike.

At at the time of publishing, SNX is currently at $3.67,which marks a good entry , and a spike to $6 -.  $8  –  $10 is expected, This marks a good take profit.

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(This information is not a compulsory investment plan,but an insight, please do well to do your personal research before staking )

 

Updated: February 17, 2024 — 5:37 pm

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