Synthetix SNX
SNX cycle analysis · chart, confirmed lows and fundamentals
Red List Recovering Phoenix · monthly · score 65 mixed
85.3% below its 365-day high of $1.52 (2025-10-22), +18.7% off the 365-day low. Snapshot 2026-10-21 UTC.
On the Red List.
85% below its rolling 365-day high, 364 days after the high.
Recovering: a monthly swing low has confirmed. The badge coexists with the tier; it is not a completed recovery.
Phoenix monthly: stopped falling by the rules, +18.7% above the Aug 2026 trough. Details below.
Since the previous scan.
Tier, recovering badge and Phoenix state are unchanged between these two observations.
Comparing 2026-10-20 with 2026-10-21 UTC. Classification, not price returns.
Recorded timeline →Where it sits in each cycle
a swing low confirms only when a later bar takes out the low bar's highMonthly
- Last bars
- 2Dr 1g 2Dr 2Ug 1r
- Confirmed low
- $0.1888 · 2026-08-31
- Position
- 2 of median 5 (max 14)
- Current low
- $0.1888 · confirmed
- Cycle-low confidence
- 40% · in band
- Confirmed lows
- 12
Weekly
- Last bars
- 2Ug 1r 2Dr 3r 1g
- Confirmed low
- $0.1946 · 2026-09-20
- Position
- 5 of median 5.0 (max 21)
- Current low
- $0.2023 · unconfirmed
- Confirms above
- $0.2605
- Cycle-low confidence
- 38% · in band
- Confirmed lows
- 49
Daily
- Last bars
- 2Dr 2Dr 2Ug 2Ug 2Ug
- Confirmed low
- $0.2023 · 2026-10-18 (daily)
- Position
- 3 of median 5 (max 19)
- Current low
- $0.2023 · confirmed
- Cycle-low confidence
- 45%
- Confirmed lows
- 378
The full read, in sentences
- Monthly: forming bar is a red inside bar. Last confirmed swing low 0.1888 (Aug 2026), month 2 of a cycle that has typically run 5. Cycle-low confidence 40%.
- Weekly: forming bar is a green inside bar. Last confirmed swing low 0.1946 (Sep 2026), week 5 of a cycle that has typically run 5. Current low 0.2023 is unconfirmed — it confirms above 0.2605. Cycle-low confidence 38%.
- Daily: bar is a green 2-Up. Last confirmed swing low 0.2023 (2026-10-18), day 3 of a cycle that has typically run 5. Cycle-low confidence 45%.
- Red List: 85% below the 2025-10-22 high; +19% off the 365-day low.
- Phoenix: 96% decline over 29 months, monthly swing low confirmed (next-bar), now +19% above the trough; first weekly pullback after the low confirmed 2026-09-27 (trigger 0.2337).
- Gauges: Mayer multiple 0.89 (cheap); -86% vs the 200-week average; -99% from the all-time high.
Has Synthetix bottomed?
A confirmed swing low is evidence of a price pattern, not proof of a final market bottom. Here is what the SNX snapshot records on 2026-10-21 UTC:
Monthly: the last confirmed swing low is $0.1888 from 2026-08-31. The current candidate is marked confirmed. The latest monthly bar is still forming.
Weekly: the last confirmed swing low is $0.1946 from 2026-09-20. A newer candidate at $0.2023 is unconfirmed; its confirmation level is above $0.2605, provided the candidate low is not undercut first. The latest weekly bar is still forming.
Daily: the last confirmed swing low is $0.2023 from 2026-10-18. The current candidate is marked confirmed.
How bottom confirmation works. Cycle-low confidence is a heuristic score, not a calibrated probability of a profitable trade.
How far is Synthetix below its high?
The Coinbase price snapshot is 85.3% below its rolling 365-day high of $1.52 from 2025-10-22. Separately, CoinGecko reports -99.2% relative to its all-time high of $28.53 in the fundamentals snapshot pulled 2026-10-21.
Different sources and observation times can produce different drawdowns. Compare crypto drawdowns and reference highs.
The recorded history
scan observations, not exact transition timesFirst observed 2026-09-19. 33 observations; absence from a captured scan is unmatched, never recovery.
- Red List → Red List; recovering · Phoenix monthly
- First observed: Red List
Phoenix
stopped falling, by the rules- Peak
- $5.29 · Mar 2024
- Trough
- $0.1888 · Aug 2026
- Decline
- -96.4% over 29 months
- Above trough
- +18.7%
- Monthly
- confirmed (next-bar) · trigger $0.2525
- Weekly
- confirmed (late (5 bars))
- False bottom
- $0.4820 · Jun 2025 (4 higher highs, then undercut)
- Entry
- pullback #1 low $0.1946 confirmed 2026-09-27 · trigger $0.2337
| decline | 30 |
| confirmation | 25 |
| earliness | 0 |
| stale | 0 |
| false bottom | 10 |
| bluechip | 0 |
Fundamentals
| Liquidity (24h volume / market cap) can you get out | 4.68 % | 13.9 / 15 |
| Supply overhang (FDV / market cap) unlocked supply waiting to sell | 1.0 x | 15.0 / 15 |
| Size (market-cap rank) survivorship | 235 # | 3 / 15 |
| Age on Coinbase survived a cycle | 5.8 yrs | 10.0 / 10 |
| usage | could not look — no source data | |
| tvl | could not look — no source data | |
| momentum | could not look — no source data | |
4 of 7 measurable; score renormalized over what was measurable.
- Market cap
- $147.2M
- Fully diluted
- $147.3M
- 24h volume
- $6.9M
- Circulating
- 580,980,590
- All-time high
- $28.53 · 2021-02-13 (-99.2%)
- Mayer multiple
- 0.893 · cheap
- vs 200-week avg
- -86.1%
- Pi cycle
- 0.34
- On Coinbase since
- 2020-12-15 (2137 bars)
- CoinGecko id
- havven
Continue your cycle research
How to read a crypto cycle chart · Calculation rules and sources