Synthetix’s recent 25% rise is attributed to a $57 million influx in trading, exciting traders. The expected breakout above a $1.9 resistance level could drive prices towards $2.19, indicating strong bullish signals.
Despite the inflow and positive price movements, some traditional investors remain wary, demonstrated by an $8.53 million sell-off of SNX. Caution persists amid fluctuating market dynamics.
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