Direction
Long
Published
October 17, 2024
Status
Token
PYTH
Trigger
Support/Resistance
Type
Trade Strategy
Updated
About + Tokenomics
Token Name | Pyth Network |
Symbol | PYTH |
CoinMarketCap Rank | 59 |
Market Cap | 1.2B |
Volume 24h | 66M |
Total Supply | 10B |
Circulating Supply | 3.6B |
Chart Analysis
Like many other tokens PYTH has also formed a proper bottom between 0.24-0.26. On top of that, the price has been consolidating since June. At the upper side, 0.38 reflects the main resistance. A break above this level (+ confirmation) could trigger a bullish uptrend.
Technical Indicators
- MACD: Bullish 🟢
- RSI: Neutral 🟢
- VMA: Bearish 🔴
- Triple EMA: Price trades above EMAs 🟢
- ADX: 15, indicating no trend 🔴
Chart
Trade Setup
- Entry: Wait for the price to move above 0.38 and confirm on the daily chart.
- Target 1: $0.47 (24%)
- Target 2: $0.56 (~45%)
- Stop Loss: ~$0.36