{"id":58403,"date":"2025-08-27T12:28:36","date_gmt":"2025-08-27T12:28:36","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/synthetix-price-soars-20-amid-volume-spike-heres-why\/"},"modified":"2025-08-27T12:28:36","modified_gmt":"2025-08-27T12:28:36","slug":"synthetix-price-soars-20-amid-volume-spike-heres-why","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/synthetix-price-soars-20-amid-volume-spike-heres-why\/","title":{"rendered":"Synthetix price soars 20% amid volume spike: here&#8217;s why"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/08\/synthetix-price-buying-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/08\/synthetix-price-buying-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/08\/synthetix-price-buying-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/08\/synthetix-price-buying-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>Synthetix\u2019s native token SNX spiked more than 20% in 24 hours to hit $0.79.<\/li>\n<li>Daily volume rocketed 700% to over $147 million, with Synthetix benefiting from a broader crypto bounce.<\/li>\n<li>The Synthetix network\u2019s move to launch its perps DEX on the Ethereum mainnet has helped SNX price.<\/li>\n<\/ul>\n<p>Synthetix (SNX), a decentralized futures protocol with trading support on Ethereum, has seen its price surge by 20% within the last 24 hours as Bitcoin leads a minor bounce for the crypto market.<\/p>\n<p>The SNX token, which has climbed alongside notable gains for Ethereum, Solana and XRP, hit intraday highs of $0.79.<\/p>\n<div class=\"ad-banner  container  pt-1  px-0  mb-6\" data-partner=\"bitcoinpenguin\">\n        <a href=\"https:\/\/bitcoinpenguins.io\/en?utm_source=coinjournal&amp;utm_medium=banner&amp;utm_campaign=header\" target=\"_blank\" rel=\"nofollow sponsored noopener\"><br \/>\n            <img decoding=\"async\" class=\"p-0  m-0\" src=\"https:\/\/coinjournal.net\/wp-content\/themes\/c1-base\/dist\/img\/ad\/bitcoinpenguin\/en.png\"\/><br \/>\n        <\/a>\n    <\/div>\n<p>Price gains for the altcoin happened alongside a significant jump in daily volume, with bulls attempting to break above a level that has previously constrained upside momentum around $0.80.<\/p>\n<h2>Synthetix (SNX) pops 20% in 24 hours \u2013 here\u2019s why<\/h2>\n<p>The crypto market, still reeling from recent losses, is showing early signs of recovery as buyers attempt to regain control.<\/p>\n<p>Bitcoin has reclaimed the $110,000 mark after a sharp dip, while Ethereum has climbed back above $4,560, holding steady despite broader risk asset pressure.<\/p>\n<p>Solana has broken past $204, and XRP is eyeing the $3.70 level, both reflecting improved sentiment.<\/p>\n<p>Within this backdrop, Synthetix has surged 20%, standing out as one of the stronger performers.<\/p>\n<p>The rally comes as decentralised finance tokens show renewed strength, aided by Synthetix\u2019s recent launch of the first perpetual exchange on the Ethereum mainnet\u2014a development seen as a key catalyst for the token\u2019s momentum over the past week.<\/p>\n<p>In the period, SNX price has jumped by double digits, helped by the rollout of pre-deposits and a chance for traders to get on the Synthetix mainnet alpha whitelist.<\/p>\n<p>The launch of SLP vault, a liquidity pool offering access to liquidity across all perp markets and an opportunity to rank among the first to earn SNX points, has driven a lot of the market activity for Synthetix.<\/p>\n<p>Network support for gasless trading is also a huge move for the perps DEX.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Not for long.<\/p>\n<p>Synthetix Mainnet will have gasless trading. <a href=\"https:\/\/t.co\/Vdhuia1452\">https:\/\/t.co\/Vdhuia1452<\/a><\/p>\n<p>\u2014 Synthetix \u2694\ufe0f (@synthetix_io) <a href=\"https:\/\/twitter.com\/synthetix_io\/status\/1960178599182610778?ref_src=twsrc%5Etfw\">August 26, 2025<\/a><\/p>\n<\/blockquote>\n<h2>SNX price forecast<\/h2>\n<p>While SNX price hovers at $0.79 and eyes gains towards $1, the altcoin remains well off its all-time peak of $28.53 reached in 2021.<\/p>\n<p>Synthetix has also struggled since rejecting the December 2024 peak of $3.40.<\/p>\n<p>Despite this largely negative trend, analysts are seeing a short-term bullish flip for Synthetix\u2019s price.<\/p>\n<p>If SNX successfully takes out the resistance at $0.80 and $0.85, bulls could eye the $1 mark.<\/p>\n<figure id=\"attachment_332163\" aria-describedby=\"caption-attachment-332163\" class=\"wp-caption alignnone\"><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" data-source=\"CoinJournal\" class=\"size-full wp-image-332163\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/08\/synthetix-price.png\" alt=\"\" width=\"1057\" height=\"571\"\/><figcaption id=\"caption-attachment-332163\" class=\"wp-caption-text\"><a href=\"https:\/\/www.tradingview.com\/symbols\/SNXUSD\/\" target=\"_blank\" rel=\"noopener\">Synthetix chart<\/a> by TradingView<\/figcaption><\/figure>\n<p>Technical indicators on the daily chart support this outlook. The Relative Strength Index (RSI) is at 57, signalling potential for continuation.<\/p>\n<p>Meanwhile, the Moving Average Convergence Divergence (MACD) is signalling a strengthening of upward momentum after a bullish crossover.<\/p>\n<p>However, volatility remains a concern, and the $0.60 zone could offer support if bears pick up the advantage.<\/p>\n<p>Traders taking profit or whale activity taking hold will be a key watch in the coming days for Synthetix, particularly after its 20% surge.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/synthetix-price-soars-20-amid-volume-spike-heres-why\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Synthetix\u2019s native token SNX spiked more than 20% in 24 hours to hit $0.79. Daily volume rocketed 700% to over $147 million, with Synthetix benefiting from a broader crypto bounce. The Synthetix network\u2019s move to launch its perps DEX on the [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":58404,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/58403"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=58403"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/58403\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/58404"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=58403"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=58403"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=58403"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}