<em><strong>SNT price shows a bullish reversal failing to surpass the resistance trendline and starting a bearish spiral as the selling pressure grows. </strong></em>

Key technical points:
<ul>
 	<li>The SNT market value decreased by 7.61% today at press time.</li>
 	<li>However, the price action shows a higher price rejection from the resistance trendline.</li>
 	<li>The 24-hour trading volume of the Status is $81.84 Million, indicating a hike of 139%.</li>
</ul>
<h2><strong>Past Performance of SNT</strong></h2>
The SNT price chart shows that the overall trend is bearish as the long-coming resistance trendline keeps the downwards going. At the beginning of April, the decline at the 200 DMA resulted in the market price falling lower than the essential DMAs down to $0.028, accounting for a 65% reduction. The bullish fightback took back its 20 DMA and increased by 50% in just three weeks, threatening the 50 DMA and the trendline of resistance.

<img src="https://s3.tradingview.com/snapshots/j/J3WejKrx.png" alt="TradingView Chart" />

<strong>Source-</strong> <a href="https://www.tradingview.com/x/J3WejKrx/" target="_blank" rel="noopener">Tradingview</a>
<h2><strong>SNT Technical Analysis </strong></h2>
Today's bullish candle shows a price rejection candle at press time and struggles to end above the resistance trendline, signaling the SNT buyers are losing the power struggle. This failure can increase the probability of a downtrend reaching below $0.035 and then retesting $0.028 as the lowest support. The 20 DMA, 100 DMA, and 200 DMA are all in bearish alignment, and the 20 DMA shows the bullish reverse. However, selling pressure at the 50 DMA stopped the rebound and kept the overall trend.

The RSI indicator is a sign of an upward trend that suddenly falls below the overbought boundary and then plunges until the halfway line. On the contrary, the 14-day SMA is has maintained an upward trend and is about to cross into almost overbought territory. If they come to a midpoint, the declining RSI slope may get support from this SMA line. As we see, the bullish trend in the MACD and the signal lines continues as it reaches an absolute zero while maintaining the bullish flow with high-intensity histograms. Thus, the indicator is delayed to project the bearish team winning the power struggle near the trendline. In a nutshell, SNT technical analysis indicates a high probability of a bearish reversal to $0.035.
<h2><strong>Upcoming Trend</strong></h2>
The <a href="https://www.cryptoknowmics.com/news/status-snt-price-prediction-2021-2025-will-snt-hit-0-50-by-2025/">SNT</a> traders should expect the negative retracement to surpass the psychological threshold of $0.035 and then reach $0.028. On the other hand, the bullish retrieval from $0.045 will trigger an uptrend that could breach the $0.050 mark.

<strong>Resistance Levels:</strong> $0.045 and $0.050

<strong>Support Levels:</strong> $0.035 and $0.028

SNT Technical Analysis: Buyers Struggling To Surpass $0.045

SNT technical analysis shows a bullish reversal failing to surpass the resistance trendline and starting a bearish spiral as the selling pressure grows. 

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

SNT Technical Analysis: Buyers Struggling To Surpass $0.045

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