The post SNX Technical Analysis Feb 24 appeared on BitcoinEthereumNews.com.

SNX is trading under downtrend pressure with a 9.32% drop at the $0.36 level, but MACD positive histogram and position above EMA20 are giving bullish signals. This indecisive structure makes both an upside breakout and a downside breakdown possible. Current Market Situation SNX is trading in the $0.34-$0.40 range with a 9.32% loss over the last 24 hours, and the overall trend continues as downtrend. While the price is stabilizing around $0.36, RSI at 51.38 is in the neutral zone, and MACD’s positive histogram indicates bullish momentum. Positioned above the short-term EMA20 ($0.35), it gives a bullish short-term signal, but Supertrend is bearish and shows $0.48 resistance. In multi-timeframe (MTF) analysis, 11 strong levels were identified across 1D/3D/1W timeframes: 1 support/3 resistances on 1D, 2S/1R on 3D, and 2S/3R balance on 1W. Critical support at 0.3474 (score 77/100), resistances at 0.3660 (66/100), 0.4047 (63/100), and 0.4450 (69/100). Volume at 48.64M$ is at medium levels, volatility is high. Scenario 1: Bullish Scenario How Does This Scenario Unfold? For the bullish scenario, a clear break and close above the $0.3660 resistance is first required; this strengthens the short-term EMA20 and increases momentum. Then, testing the $0.4047 and $0.4450 levels is expected, with Supertrend turning bullish. RSI moving above 60, MACD histogram expansion, and volume increase (50%+ of current) would serve as confirmation signals. If 1W resistances are overcome in MTF, a general trend change becomes possible. This scenario can be triggered with BTC stability or upside support. Invalidation: Scenario becomes invalid with a close below $0.3474. Target Levels First target $0.48 Supertrend resistance (near-term), followed by main target $0.6655 (score 44). Risk/reward ratio from current levels offers 1:3+ potential. Consider taking profits or trailing stops at these levels, but always apply your own risk management. Scenario 2: Bearish Scenario Risk Factors The…

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Filed under: News - @ February 24, 2026 11:20 pm