SNX Technical Analysis February 24, 2026: Will It Rise or Fall?

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 bearish scenario is triggered by breaking the strong $0.3474 support (77/100 score); this accelerates the downtrend and pulls below EMA20. Supertrend bearish signal strengthens, MACD histogram turns negative, and RSI drops below 40. Volume spike (downward) and BTC break below $63,849 add risk factors. Pressure increases if 1W supports (2S) are tested in MTF. Invalidation: Scenario breaks with a close above $0.4450.

Protection Levels

First protection below $0.3474, next supports from MTF around $0.30, and ultimate bearish target $0.1171 (score 22). Risk/reward here can be 1:2+, stop-losses should be positioned at resistances. Limit position size in a downtrend.

Which Scenario to Watch?

Decision point between $0.3474 support and $0.3660 resistance; closes in this range are decisive. For bullish, watch for volume-backed break above $0.3660 and RSI>60; for bearish, break below $0.3474 and MACD crossover. Follow volume profile and order flow. Use early invalidation criteria in both scenarios to avoid exposure to the wrong direction.

Bitcoin Correlation

BTC at $64,409 level with -1.41% drop in downtrend, Supertrend bearish – caution for altcoins! SNX is highly correlated with BTC; if BTC breaks $63,849 support, additional pressure on SNX (bearish scenario strengthens). Conversely, if BTC breaks above $64,323 resistance, it supports SNX upside. Watch BTC supports at $60,025/$49,685, resistances at $67,702/$69,427; rising dominance negatively impacts SNX.

Conclusion and Monitoring Notes

SNX is at an indecisive threshold: Break above $0.3660 for upside, close below $0.3474 key for downside. Monitor daily/4H charts, follow news flow. For detailed review, visit SNX Spot Analysis and SNX Futures Analysis pages. Make your own analysis and decisions, as the market can change at any moment.