Synthetix (SNX) experienced a 9.3% decline over the past 24 hours, contrasting with a 0.94% rise in the broader cryptocurrency market. The token's price fell below $1.32, nearing the $1.26 Fibonacci level, as traders engaged in profit-taking and long positions weakened. Despite mixed technical indicators, including capital outflows, the DMI indicator suggested a lingering bullish trend. Additionally, recent AWS outages have affected liquidity, underscoring the risks associated with centralized infrastructure.