Market Context and Recent Developments
As of December 23, 2025, Snek (SNEK/USDT) is sitting at around 0.0010017 USD, down about 0.31% over the last 24 hours. It’s been a bumpy ride lately for memecoins and the wider crypto market, with money rotating around different sectors and investors getting nervous about macro conditions. On a positive note, the Snek community just got the green light on a pretty big proposal: 5 million ADA from Cardano’s treasury to fund exchange listings worldwide. That money’s supposed to go toward market-making, regulatory compliance, and getting Snek on more platforms—basically trying to grow beyond just social media hype.
On the exchange front, things are looking better. Snek recently landed on Crypto.com and HTX Global, making it easier for regular folks to buy in. The community is also working on setting up a DAO—they’re calling it the “Snek Pit DAO”—though the details are still pretty fuzzy. That’s creating some excitement, but also a fair amount of uncertainty about whether they can actually pull it off.
Technical Indicators: Momentum, Support, and Resistance
Looking at the charts, things aren’t exactly rosy for SNEK right now. The daily chart shows it’s trading below both its 50-day and 200-day moving averages, which tells us the long-term trend isn’t great. The RSI is sitting in the low 30s—getting close to oversold territory, but we haven’t seen any signs yet that it’s ready to bounce back. The MACD isn’t showing much either, just hanging around neutral to slightly negative. The ADX reading is elevated, which means this downtrend has some real momentum behind it. One thing to note: volatility is high right now, so we could see some big price swings in either direction.
For support, keep an eye on the $0.00095 to $0.00090 range. If things get really ugly, there’s another support zone around $0.00074. On the resistance side, SNEK needs to clear $0.00105 to show any real strength, with tougher barriers at $0.00114-$0.00120 that’ll need serious volume to break through. The current pivot point is around $0.00099, meaning anything below that is a bit of a danger zone.
Short-Term Price Prediction (Next 2-4 Weeks)
If SNEK can’t hold above $0.00099-$0.00100, we’re probably looking at a drop to $0.00090-$0.00092, maybe even testing that $0.00074 level if selling pressure really picks up. But if it manages to bounce off support with decent volume, we could see a climb toward $0.00105-$0.00110—especially if memecoins catch a bid or there’s some good news like a new exchange listing or partnership.
Risks, Watchpoints, and Strategic Insights
Right now, most of what’s pushing Snek forward is the story: memecoin buzz, community involvement, and expansion plans funded by that treasury allocation. But there’s a flip side to all this. Memecoins can have serious inflation issues, Cardano’s treasury funding approach might not be sustainable long-term, and the technical picture is weak enough that we could see a quick drop if those key support levels break.
If you’re trading this, pay attention to volume. Big volume spikes when price breaks through resistance or support levels are your main signals. If we see a bounce from these oversold levels with strong volume backing it up, that could mean a decent short-term rally. But if SNEK falls through $0.00090 with conviction, things could get messy pretty quickly.
