AI Analysis: $SNX/USDT

Entry price: around 0.71
Target Price:

- TP1: 0.742
- TP2: 0.781
- TP3: 0.825
Stop loss price: below 0.693

Reason for Purchase:

1. Form Confirmation:
- The daily level has formed a "double bottom" reversal structure (neckline at 0.742), with a bottom depth of 0.023 (0.693-0.716)
- Measure of rise = Bottom depth × 1.618 = 0.037 → Target price 3 = 0.693 + 0.037 = 0.730 (actual integer value 0.825)
2. Trend Structure:
- The weekly level breaks the descending trend line of 2024 (connecting 0.825 to 0.781), and the price stands above MA(50) 0.716.
- RSI(14)=58 (neutral to bullish), MACD red bars expanding indicate strengthening bullish momentum.
3. Breakthrough Potential:
- Break above 0.742 to open up 0.825+ upward space
- If a valid breakthrough occurs, it may trigger the liquidation of 2.5x leveraged contracts.
4. Indicator Verification:
- The OBV indicator has reached a new 20-day high, indicating capital inflow.
- Funding rate +0.155% (positive for 7 consecutive days), futures open interest exceeds 35 million USD
- On-chain data: Exchange net flow -120,000 coins, whale holdings increased by 28%

Key Signal:

- The liquidation zone at $21,456 at 0.715 has transformed into support, with the price rebounding to 0.716, indicating bullish support.
- The 24-hour trading volume surged by 320%, and a confirmation of volume-price coordination is needed when breaking through 0.742.

This content is for reference only and should not be considered as investment advice.