$SNX stabilizes as the new "Perps V3" implementation on Base gains traction.
What's Happening:
Volume on Base deployment growing week-over-week.Inflation schedule changes being discussed in governance.Integration with new front-end aggregators.Price hovering above multi-year support levels.
Why It Matters:
Synthetix is the liquidity layer for DeFi derivatives. Its expansion to other L2s like Base keeps it relevant. The transition to a deflationary model is the key narrative to watch.
Technical View:
Support at $0.45 is critical. If it holds, a bounce to $0.55 is likely. RSI is neutral, suggesting a decision point is coming.
🎯 Key Levels:
Support: $0.450 | Resistance: $0.52024h Range: $0.455 - $0.465
💡 "Liquidity is a service. Synthetix provides the backend for the decentralized exchange."
What's your take? Drop a 🔥 for bullish, ❄️ for bearish 👇
#Synthetix #SNX #DeFi #Base #CryptoNews Disclaimer: This content is for educational purposes only and should not be considered financial advice. Always do your own research (DYOR) before making any investment decisions.