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Pythnetwork

PYTH taget $1.45 (perp)4h time frame - TP: $1.4~$1.53 SL: $0.426 - PYTH follows the Elliott 2nd wave with being sold off since $1.15, but got support from the structural support zone and 0.382 Fibonacci projection, both form a robust bottom at $0.5 so far. If PYTH goes the assumed path, I can say next big pump, made of Elliott 3rd wave, is following and will bring PYTH to make ATH soon. It is hard to estimate critical resistance once PYTH goes over $1.15, so we can use Fibonacci tool to set up the target to profit around $1.4~$1.53, which RRR is over 8. - Refer to link below if you're interested in my perspective of Bull High of PYTH.
Long
by EthanTW
PYTH/USDT A Bullish Trajectory in Sight?👀🚀PYTH Today Analysis💎 Paradisers, prepare for an attractive trading opportunity with #PYTHUSDT, as it's showing potential for a bullish continuation following a retest of its demand zone. 💎 Examining #PYTHNETWORK past performance, we've observed its consistent movement within a descending channel. Interestingly, it has also formed a cup and handle trajectory. Currently, it has broken above the handle, increasing the likelihood of a bullish move from the retest of the demand level at $0.35044. If the momentum is sustained, our target is set above the major supply zone at $0.55717. 💎 Nonetheless, in the ever-changing world of trading, having an alternate strategy is key. Should our initial analysis not come to fruition, we're ready to pivot to a potential bullish rebound from a lower support level at $0.30686. Keep in mind, however, that breaking below this level could lead to a considerable bearish descent.
Long
by MyCryptoParadise
PYTH price "is trending", but in which direction?)For a couple of days now, PYTH has been in various "ratings of interesting coins," so let's write a few words about what we see on the chart. The fact that after +50% growth in early February, each daily candle closes with a shadow on top is not good for buyers. This means that someone is selling PYTHUSDT quite aggressively in the range of $0.48-0.52. Now, a correction of at least $0.42-0.43 is very much needed. And then it will be seen: - whether the hype and pump will continue at least to $0.70 - or the correction will continue to the range of $0.30-0.33 for a safer purchase. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
6
$PYTH looks great for a long term spot buyThe Pyth Network is a decentralized oracle protocol that is transforming the way financial market data is accessed and utilized in blockchain environments. $PYTH is a long term buy for me at 0.27 and below zone. I'm accumulating dips below to $0.27. Here are some key highlights about the Pyth Network: Decentralized Oracle for Financial Data: Pyth Network specializes in aggregating and publishing high-quality financial market data on blockchains, making it reliably accessible for on-chain applications. This includes data like stock prices, currency exchange rates, and commodity prices, which are crucial for financial applications​​. First-Party Data from Major Institutions: The network brings first-party data from major financial institutions, such as exchanges, market makers, and trading firms, directly to the blockchain. This approach ensures that the data is accurate, low-latency, and high-resolution, providing a trustworthy source for various applications​​. Wide Ecosystem Reach: Pyth Network supports over 400 data feeds, which are trusted by more than 250 applications, including decentralized exchanges (DEXs), lending protocols, and derivatives platforms. It's actively integrated across 45+ blockchains, ensuring universal access to its price feeds regardless of the underlying blockchain technology​​. Innovative Data Staking and Reward Distribution: Pyth uses mechanisms like data staking and reward distribution to align incentives between different participants, such as publishers, consumers, and delegators. Data staking allows consumers to hedge against inaccurate data, while reward distribution preferentially rewards publishers providing more accurate and predictive price feeds​​. Robust Against Attacks and Manipulation: The network is designed to be resilient against various attacks, such as price manipulation and reward exploitation. Its aggregated price feeds use a weighted median algorithm to limit the influence of any individual publisher, protecting the feeds against deliberate manipulation attempts​​. Enabling Complex Financial Applications: The Pyth Network’s precision and reliability in delivering real-time market data are vital for DeFi applications, especially in times of market volatility. Its ability to provide high-quality data feeds makes it an essential component for a wide range of financial services on the blockchain​​. PYTH Token for Network Coordination: The PYTH token plays a crucial role in coordinating the activities of various network participants through crypto-economic incentives. It aligns the interests of different stakeholders, such as publishers, consumers, and delegators, within the network​​. Continuous Innovation and Community Involvement: Pyth is committed to ongoing innovation and community-driven development, aiming to be a core DeFi primitive and to expand into providing new types of data and governance decentralization​​. The Pyth Network exemplifies how blockchain technology can democratize access to critical financial data, paving the way towards a more open, transparent, and fair financial system. Its focus on providing accurate and timely data is key to enabling efficient and sophisticated financial applications in the decentralized space.
by CryptoBreakers
1
PYTH/USDT Likely to Start a Bull Journey? 👀🚀PYTH Analysis💎 Paradisers, turn your attention to PYTHUSDT, as it's currently showing significant market activity. The asset is indicating a possible bullish turn from a critical support level. 💎 PythNetwork recently encountered resistance at the $0.385 level. If PYTH can uphold its position at the pivotal support level of $0.281, we may observe a continuation of its bullish trend. 💎This optimistic view is further bolstered by PYTH's robust performance above the EMA, suggesting a potential for sustained upward movement from this support. 💎 However, if PYTH struggles to sustain its stance at the $0.281 support, a strategic shift might be necessary. In this case, we could brace for a potential bearish movement from a lower demand zone. An important level to monitor is whether PYTH dips below this support, as it could herald a change to a bearish trend. 💎 Stay alert and ready, Paradisers. Your ParadiseTeam is committed to providing you with essential market insights, helping you navigate these trends and ensuring that your trading decisions are both well-informed and strategically sound.
Long
by MyCryptoParadise_Simon
1