The SNAP token has shown an enormous rally in the last three months and showed potential in the crypto asset.
Moreover, the SNAP asset is exhibiting bullish strength and rising capacity as it has already jumped above dynamic supports of major 20, and 50-day EMA bands. Also, the SNAP asset is displaying bullish behavior as MACD is above the zero line with a broad histogram signifies that it can extend its gains.
The SNAP asset is showing bullish signs and it has the potential to grow further. It has performed well in the past week by 77.39%, month by 166.76%, and quarter by 182.95%, indicating a strong uptrend.
Therefore, if the asset price manages to sustain its current decline it could bounce back from the current level and shatter hurdles above and reach new altitudes. The next goal for the price could be to reach $0.001000 and the in-between resistance is $0.000700.
On the flip side, if the crypto price fails to stay above the $0.0004650 level, it could decline further.