Synthetix (SNX) is going through ongoing challenges in South Korea, as main exchanges Upbit and Bithumb have prolonged its “cautionary asset” designation via June 24, 2025.
This classification, mandated by the Digital Asset Alternate Alliance (DAXA), retains SNX underneath intense scrutiny resulting from issues about potential regulatory or operational points. Consequently, SNX deposits on these platforms stay halted, and merchants are suggested to be extraordinarily cautious.
신세틱스(SNX) 거래 유의 종목 지정 기간 연장
신세틱스(SNX/BTC)의 거래 유의 종목 지정 기간이 DAXA에 의해 2025-06-24(화) 15:00 (KST) 까지 연장되었습니다.
Funding warning interval for Synthetix(SNX/BTC) has been prolonged till 2025-06-24 15:00 (KST) by DAXA.
🔗 Uncover…
— Upbit Korea (@Official_Upbit) Might 28, 2025
SNX Value at Important Level: $0.774, Indecisive RSI, Bollinger Bands Squeeze
The extended warning interval comes at a vital technical junction for SNX. At the moment buying and selling at $0.774, the token is down 2% over the previous 24 hours and exhibits indicators of indecision.
A descending wedge sample that started forming earlier this 12 months seems to have resolved to the upside in early Might, however the breakout lacks momentum.
Associated: VC Agency Nets $10.9M Revenue on SNX Token, Strikes to Money Out on Coinbase
On the each day chart beneath, the Bollinger Bands (BB) are beginning to squeeze, suggesting decreased volatility and a potential breakout forward. In the meantime, the Relative Power Index (RSI) hovers slightly below impartial at 48.95, with no clear pattern affirmation—indicating market hesitation. The worth stays trapped between the BB midline resistance at ~$0.82 and help at ~$0.72.
Supply: TradingView
If SNX breaks above the $0.82–$0.85 zone convincingly, bulls may purpose for $1.00 quick time period, adopted by $1.20 if broader sentiment improves. Nevertheless, failure to carry the $0.72 help might drag SNX again towards $0.65, a degree that aligns with decrease Bollinger Band help and prior consolidation zones.
Market Unease Grows: OKX to Delist 11 Buying and selling Pairs June 4, Together with PRQ, SAMO
Compounding SNX’s woes is a broader market unease following OKX’s announcement to delist 11 buying and selling pairs, together with high-volatility tokens like PRQ (-53%), SAMO (-36%), and ARTY (-18%).
Associated: OKX Expands into Funds with OKX Pay Pockets Launch Following US Market Re-Entry
The delisted pairs embrace: ZERO/USDT, ZERO/USD, PRQ/USDT, PRQ/USD, IQ/USDT, IQ/USD, ARTY/USDT, ARTY/USD, SAMO/USDT, SAMO/USD and USDT/USDC. The occasion will happen between 08:00 and 10:00 UTC on June 4.
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