SNX (Synthetix) rose 15.92% in the last 24 hours

Gate News Bot news, on August 27, according to CoinMarketCap data, as of the time of writing, SNX (Synthetix) is currently priced at 0.75 USD, with a rise of 15.92% in the last 24 hours, reaching a high of 0.80 USD and a low of 0.62 USD, with a 24-hour volume of 9.86 million USD. The current market capitalization is approximately 257 million USD, an increase of 35.3 million USD compared to yesterday.

Important news about SNX recently:

1️⃣ SN leads the rise in the cryptocurrency market SNX price performs strongly, with a daily rise of 13.90%, ranking among the top in mainstream cryptocurrencies. This significant pump reflects the market's positive sentiment towards the Synthetix project, possibly related to its ongoing development in the DeFi space.

2️⃣ Volume significantly increases SNX 24-hour volume reached 9.86 million USD, indicating a significant increase in investor participation. The rise in volume is often accompanied by price fluctuations, which could be one of the important factors driving the significant pump of SNX in the short term.

3️⃣ market capitalization rise rapidly SNX market capitalization has risen by approximately 35.3 million USD in the last 24 hours, reaching 257 million USD. This rapid rise reflects the market's re-evaluation of the value of the Synthetix ecosystem, possibly related to its latest technological upgrades or partnerships.

From a technical perspective, SNX has retraced after breaking through the short-term resistance level of $0.80, currently stabilizing around $0.75. If it can maintain above this level, it may indicate further rise potential. However, considering the recent significant rise, investors should also be cautious of potential pullback risks.

This message is not intended as investment advice; investors should be aware of market volatility risks.