$$SNXX 24-hour plunge of 26%, smashing straight through the 17 level from 24.3; trading volume is only $18 million—those numbers remind me of SUSHI on the eve of the 312 in 2020.

After three halving cycles, each time after the brutal beatdown there’s the same pattern: before the 2016 halving, altcoins generally first fell 40% and then surged 10x; in March 2020, SUSHI dropped to 0.5 and then climbed to 20 two months later; in 2023, SNXX traded sideways in the 15–20 range for three months before starting.
Right now, SNXX has fallen from its all-time high of 57 to this level, a 71% drop, which is almost the same as the 73% drop of LDO after the 2021 halving. The difference is that—this time the trading volume has shrunk extremely; 18.8M is still half as much as the last low point, indicating the main players are accumulating.
Looking at the exact numbers: current 16.79, 24h low 16.73; the support zone is 16–16.5 (the 2023 consolidation center). Resistance overhead is 20–22; if it breaks out with volume, it will accelerate. MACD daily shows a hidden bullish divergence at the bottom, RSI is hovering in the oversold area—exactly like BCH’s pre-2019 halving走势.
Trading advice: if 16.5 doesn’t break, try a long with a small position, stop-loss at 15.8, target 20–22. Keep position size at 5% of total funds—don’t gamble. If it breaks 15.5, run immediately. The level at 14 is strong support, but there’s no need to stubbornly hold on.
Don’t trust others shouting “buy the dip” or “catch a falling knife.” Trust the cycle. Every time before a halving, there’s a round of 30%+ selloff to wash out the floating supply, and then the main players slowly push it up over about 3 months. This time looks like 2019 BCH, and also like 2023 LDO.
History won’t simply repeat, but it will rhyme. What you need to do now isn’t panic—it’s watching the 16.5 level. If by tomorrow morning 8:00 it rebounds with volume back above 17.5, that’s the signal.
Personal tag: focused on obscure altcoin reversal turning points—data speaks, no trade calls.