{"id":1484,"date":"2024-03-11T11:01:45","date_gmt":"2024-03-11T08:01:45","guid":{"rendered":"https:\/\/coinmarketrate.com\/blog\/?p=1484"},"modified":"2024-03-11T11:01:45","modified_gmt":"2024-03-11T08:01:45","slug":"pyth-price-prediction-pyth-eyes-1-breakout-this-month","status":"publish","type":"post","link":"https:\/\/coinmarketrate.com\/blog\/pyth-price-prediction-pyth-eyes-1-breakout-this-month\/","title":{"rendered":"PYTH Price Prediction: PYTH Eyes $1 Breakout This Month"},"content":{"rendered":"

Ranking amongst the top performers, the PYTH price ended last week on an extremely bullish note. With the completion of a bullish reversal, the engulfing candle formation teases a new breakout run this month.<\/p>\n

Amidst the overall bull market, the chances are significantly high that this altcoin will outgrow the decimal barrier. Further, the bullish pattern in the daily chart and rising volumes bolster this thesis of a positive outcome.<\/p>\n

So, Will the PYTH price cross the $1 mark? How high will the PYTH price go in 2024? Find answers to such questions now in our\u00a0PYTH price prediction.<\/div>\n

Pyth Network\u2019s Native Token Takes Off<\/h2>\n

As highlighted in our last analysis, the PYTH price trend continues to sustain the bull run in a rising channel pattern. The channel is formed by the to and fro motion of an asset within two ascending trendlines, directing the trend upwards.<\/p>\n

\n
\"\"<\/div>\n<\/figure>\n
Source \u2013\u00a0Tradingview<\/a><\/div>\n

In this bullish trend, the PYTH network is approaching the overhead resistance of $1 and has recently peaked at $0.90. With the bullish reversal predicted in our last analysis, the bounce back from the support trendline surpasses the 1.618 Fib level at $0.76 with an overnight jump of 18.62%.<\/p>\n

This leads to a high formation at $0.90 today; however, the PYTH price fails to sustain above the trendline and delays the bullish break. Currently, the altcoin exchanges hands at $0.80 and gives an intraday move of -1.07%.<\/p>\n

Nevertheless, the intraday pullback might find a reversal spot at the retest of the $0.76 mark. In such a case, the chances of the overhead trendline breakout might resurface again.<\/p>\n

Technical indicators:<\/strong><\/div>\n
DMI:<\/strong>\u00a0Despite the higher high formation, the momentum is on a declining track. However, the VI lines sustain a positive alignment.<\/div>\n

Will the PYTH Price Cross $1?<\/h2>\n

With the rising channel intact and the frequent overnight jumps with the support of high trading volume, the PYTH price is on a bullish track. However, the overhead trendline breakout might be later than expected.<\/p>\n

Currently, the breakout chances depend on the daily closing. However, the reversal from $0.76 can lead the altcoin to the $1 mark. Upon this breakout, the 2.618 Fib level at $1.10 can be the next pivotal stop.<\/p>\n","protected":false},"excerpt":{"rendered":"

Ranking amongst the top performers, the PYTH price ended last week on an extremely bullish note. With the completion of a bullish reversal, the engulfing candle formation teases a new breakout run this month. Amidst the overall bull market, the chances are significantly high that this altcoin will outgrow the decimal barrier. Further, the bullish […]<\/p>\n","protected":false},"author":1,"featured_media":1485,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[50],"tags":[],"class_list":["post-1484","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analytics"],"yoast_head":"\nPYTH Price Prediction: PYTH Eyes $1 Breakout This Month<\/title>\n<meta name=\"description\" content=\"Ranking amongst the top performers, the PYTH price ended last week on an extremely bullish note. 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