Synthetix (SNXUSD) at major support: Potential reversal zone ahead

Synthetix (SNXUSD) could still be completing the final subwave (C) of wave Y within a larger and more complex W-X-Y corrective decline on the weekly chart. The current 0.20–0.15 support zone, near the 78.6% Fibonacci retracement, could act as a potential reversal area.