Currently, SNX is consolidating in the 0.28-0.31 range with increasing trading volume reflecting marginal strengthening of bullish momentum. In the short term, 0.30 acts as the key support while 0.315 is the primary resistance for an upward move. A volume-backed breakout could open up room for a rally toward the 0.34 high. Macro liquidity conditions and US dollar index fluctuations remain constraints on risk appetite; it is crucial to follow Bitcoin’s directional cues. Enhanced derivatives quoting precision is expected to optimize liquidity structure, helping strategic funds mitigate slippage. It is recommended to closely monitor trading volume and overall market sentiment; maintain exploratory long positions within the range, set stop-loss below 0.28, add on a clear breakout above 0.315, and be wary of false breakouts amid macro disturbances.

On the daily chart, since hitting a high of 0.3347 in mid-March, SNX’s price has corrected and consolidated around the 0.2768 level. Since mid-April, it has held support at 0.28 multiple times and gradually reclaimed the 0.30 mark, with trading volume rising from 300,000 to over 1 million, indicating a significant short-term revival of bullish strength. The price is currently near 0.3079, with initial resistance at 0.3148 and support remaining effective at 0.30.

Recently, Bitcoin’s price momentum has notably strengthened, briefly reclaiming the $75,000 level and boosting overall market confidence, though debates over liquidity and the sustainability of short-term gains persist. At the same time, the US dollar index has exhibited a technical rebound near its 200-day moving average, which may temporarily constrain risk assets. Overall, mixed sentiments are seen across the market—while strong buying persists, the willingness to chase crypto prices upward still depends on macro liquidity and dollar movements.

Glassnode's weekly market report on April 14 highlights a 51.7% increase in Bitcoin price momentum, surpassing previous highs and indicating stronger spot buying power and market support. Futures open interest continues to rise, while options Delta skew shows reduced bearish bias. Despite cooling on-chain activity, indicators suggest a consolidation phase with improving sentiment, stronger bullish outlook, increased investor participation, and reduced market pressure.

glassnode: Bitcoin spot and futures markets strengthen simultaneously, market bullish sentiment is strong

Bitcoin recently surpassed $75,000 for the first time in 73 days, facing resistance near $78,000 with $74,000 seen as a critical support level for further gains. Market views diverge: bears cite weak macro liquidity and reliance on short-covering, while bulls highlight strong whale accumulation and potential breakthroughs above key moving averages. The broader market shows mixed signals amid geopolitical developments and fluctuating investor sentiment.

Trading moment: BTC encountered resistance at 78K, and it needs to hold 74K to aim for a breakthrough.

Binance announced an increase in minimum price precision for the SNX USDT perpetual contract, implementing a phased enhancement of quoting granularity starting from April 22. This adjustment is expected to reduce slippage risk, increase market depth, and improve market-making efficiency. In the short term, the change benefits active traders’ strategy execution precision and is generally regarded as neutral to moderately positive.

Binance announced that it will adjust the minimum price precision for several USDT-margined perpetual contracts, including LAB, RAVE, ESPORTS, SNX, C98, ONE, CELR, and XTZ. The adjustments will occur between April 21 and April 22, with LAB, RAVE, and ESPORTS adjusted on April 21 at 14:30, and SNX, C98, ONE, CELR, and XTZ adjusted in stages between 14:30 and 15:30 on April 22.

Binance Will Adjust the Minimum Price Precision of Multiple USDT-Margined Contracts Such as LAB and SNX

The team is set to host a live broadcast themed “A Crossroads for Bulls and Bears,” inviting several well-known KOLs to discuss capital rotation between traditional finance and crypto assets, strategy development, and risk management. This event is expected to enhance SNX’s visibility among traders and institutions, strengthen community interaction and education, and provide positive, long-term reinforcement for token awareness and user retention.

Decentralized contract trading platform SunX will host a livestream at 8 PM (UTC+8) titled "Bull and Bear Crossroads: TradFi Heating Up, Crypto or US Stocks?" Crypto KOLs including Jack C., Maomaojie, DaDa, Shiziyang|Golden.S, and Qiurong will discuss the divergence between US stock and crypto markets, capital rotation between traditional finance and crypto assets, trading strategies, risk control, and future opportunities and asset allocation.

TradFi heats up, Crypto fluctuates: SunX will live stream today to discuss current market investment strategies.

Synthetix

It’s not a given that the European Central Bank’s next move on interest rates will be a hike, according to Governing Council member Martins Kazaks.

Kazaks: Will not oppose bets on two interest rate hikes this year

Waller: Rapid resolution of the Middle East situation may allow for interest rate cuts later this year.

Waller: Overall PCE inflation year-over-year in March may reach 3.5%

The Federal Reserve's Waller expressed caution regarding interest rates, warning of the risks of prolonged warfare.

Fed's Daly: Rates May Remain Unchanged

Daly: The federal funds rate is slightly above the neutral level of 3%.

UBS Expects 50 bps Fed Rate Cuts as Gov Miran Downplays Inflation Risks

Federal Reserve's Daly: On hold regarding interest rates.

Easing tensions in the Middle East combined with rising expectations of interest rate cuts have pushed gold close to $4,900.

Bybit-eu

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Synthetix Price: SNX Live Price Today | SNX Market Cap & Chart Analysis | Bybit-eu

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SNX price today is 0.31, with a live price change of 0.27 in the last 24 hours. Convert, buy, sell and trade SNX on Bybit-eu.

Track Synthetix live price, market cap, 24-hour trading range, and real-time chart data on Bybit-eu.

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